Charbone Hydrogen Corporation has executed replacement debentures totaling $2,050,000, restructuring existing secured convertible debentures originally issued through a private placement. The comprehensive modification extends the maturity date from September and October 2025 to September 30, 2026, providing the company with additional time to execute its strategic initiatives. The restructuring also increases the convertible balance from $1.7 million to $2.1 million while maintaining the 12% annual interest rate payable monthly, and reduces the conversion price from $0.10 to $0.07 per common share.
The revised financing arrangement requires approval from the TSX Venture Exchange, where Charbone trades under the symbol CH. According to Benoit Veilleux, Chief Financial Officer and Corporate Secretary, these modifications deliver enhanced financial flexibility by significantly extending maturities and supplying additional capital to complete the acquisition of operational hydrogen production and refueling equipment announced on September 5, 2025. This strategic financial restructuring supports Charbone's broader objective of optimizing its capital structure while advancing its first-mover advantages in the competitive green hydrogen sector.
Charbone's corporate focus centers on ultra-high purity hydrogen production and industrial gas distribution across North America and the Asia-Pacific region. The company employs a distinctive modular network approach that partners with existing industry players to supply helium and specialty gases without constructing new facilities, creating capital-efficient expansion opportunities. For additional corporate information, investors can visit https://www.charbone.com. Regulatory documents including the company's filing statement detailing risk factors are available through https://www.sedar.com.
The debt restructuring represents a critical financial maneuver that enables Charbone to maintain momentum in developing its hydrogen infrastructure while managing near-term liquidity requirements. By extending debt maturities and increasing available capital, the company positions itself to capitalize on emerging opportunities in the rapidly evolving green hydrogen market. This financial flexibility becomes particularly important as Charbone works to establish its modular production network and secure its position in the competitive industrial gas distribution landscape.
