Charbone Hydrogen Restructures $2.05 Million in Debentures to Extend Maturities and Fund Hydrogen Equipment Acquisition

Charbone Hydrogen Corporation has executed replacement debentures totaling $2,050,000, modifying terms of existing secured convertible debentures originally issued through a private placement. The financial restructuring 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 convertible balance increases from $1.7 million to $2.1 million while maintaining a 12% annual interest rate payable monthly, and the conversion price reduces 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 maneuver supports Charbone's ongoing efforts to optimize its capital structure while advancing its first-mover advantages in the competitive green hydrogen sector.

Charbone focuses on ultra-high purity hydrogen production and industrial gas distribution across North America and the Asia-Pacific region, employing a modular network approach that partners with existing industry players to supply helium and specialty gases without constructing new facilities. The company's corporate information is available through https://www.charbone.com, while regulatory documents including the company's filing statement detailing risk factors can be accessed via https://www.sedar.com. This financial restructuring represents a critical step in Charbone's broader strategy to strengthen its position in the emerging green hydrogen market while maintaining operational flexibility through strategic partnerships and modular infrastructure development.