DealsSep 11, 2026, 04:08 PM
NewHydrogen Secures Up to $3M Equity Financing Facility
AI Summary
NewHydrogen, Inc. has entered into an Equity Financing Agreement with GHS Investments, LLC, securing a commitment for up to $3,000,000 in funding. This funding will be provided through a series of 'puts' by NewHydrogen to GHS, contingent upon the effectiveness of a Form S-1 registration statement. The agreement includes specific limitations on the amount and price of shares that can be put, with GHS obligated to purchase shares at 92.5% of the market price. As part of the agreement, NewHydrogen has issued commitment shares to GHS and committed to filing a registration statement to facilitate the resale of these shares.
Key Highlights
- NewHydrogen entered an Equity Financing Agreement with GHS Investments, LLC for up to $3,000,000 in funding.
- GHS Investments will provide funding upon effectiveness of a registration statement on Form S-1.
- The Company can deliver puts to GHS for shares of common stock, with GHS obligated to purchase.
- Puts are limited to 4.99% of outstanding shares and a maximum of $1,000,000 per put.
- The purchase price for put shares is 92.5% of the lowest traded price during the preceding 10 trading days.
- NewHydrogen issued 980,713 restricted shares to GHS as commitment shares.
- The Company agreed to file a registration statement on Form S-1 within 30 days.
Price Impact
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