Financing ·
NewHydrogen raises $3M via private placement of 203.7M shares and warrants at $0.01473 per share
NEWHNewHydrogen, Inc.
NewHydrogen, Inc. entered into a Securities Purchase Agreement with SunHydrogen, Inc., selling 203,650,000 shares of common stock and accompanying warrants to purchase an additional 407,300,000 shares. The transaction closed on October 26, 2026, generating aggregate proceeds of $2,999,764.50 at a price of $0.01473 per share. The warrants carry an exercise price of $0.016203 and expire in October 2031. Net proceeds are designated for general corporate purposes and working capital. NewHydrogen operates in the hydrogen energy sector, focusing on hydrogen production technologies.