Next Hydrogen raises $20.7mn to accelerate electrolyser production
Next Hydrogen completes a $20.7mn private placement led by Smoothwater Capital, boosting its ability to commercialise alkaline electrolysers at scale and altering the company’s control structure.
| Countries | Canada |
|---|---|
| Sector | Énergie Hydrogène, Électrolyse |
| Theme | Investissements & Transactions, Développement de projets, Financement |
Next Hydrogen Solutions Inc. has closed a non-brokered private placement of CAD$20.7mn ($15.45mn), issuing over 46 mn common shares at CAD$0.45 each. The transaction, led by Smoothwater Capital Corporation, makes the latter the largest shareholder with a 47.9% stake, ensuring the company remains Canadian-controlled.
Comments
Sign in to leave a comment.