Hybrid Power Solutions Closes Final Tranche, Raises C$1.07 Million
Hybrid Power Solutions closed the final tranche of its Life Offering financing by issuing 883,750 units at C$0.06 for C$53,025, raising total gross proceeds to C$1.07 million from 17.8 million units. Each unit includes one common share and a warrant exercisable at C$0.10 during a 24-month term with acceleration rights at C$0.20.
1. Proof of Concept Agreement with Reliable Robots
On January 19, 2026, Hybrid Power Solutions executed a Proof of Concept (POC) Development Agreement with Reliable Robots to deploy autonomous mobile robots (AMRs) at its new Etobicoke, Ontario facility. The initial trial will include units such as the PUDU T300 industrial delivery robot (600 kg payload capacity) and the Keenon T9 (40 kg payload), evaluating performance in material handling and intra-facility delivery tasks. Over a 4–6 week testing period, Hybrid’s operations team will collect data on cycle times, uptime rates, navigation accuracy and labour savings. Reliable Robots will provide hardware, setup, training and support at no charge, while Hybrid will grant facility access and operational feedback. Joint KPI reviews and a final summary report will inform decisions on future automation investments and facility layout adjustments as production ramps up.
2. Closing of Final Tranche of Life Offering Financing
On January 19, 2026, Hybrid closed the final tranche of its Life Offering financing, raising CDN $53,025 from the sale of 883,750 units and bringing total gross proceeds to CDN $1,067,925 from 17,798,749 units issued at CDN $0.06 per unit. Each unit comprised one common share and one warrant exercisable at CDN $0.10 for 24 months, with an acceleration feature triggered by 20 consecutive trading days at or above CDN $0.20 per share. The company paid eligible finders a cash fee of CDN $38,690.40 and issued 644,840 non-transferable finder’s warrants. Net proceeds will fund product R&D, sales and marketing initiatives, general corporate purposes and administrative expenses. Completion was subject to Canadian Securities Exchange approval and compliance with relevant securities exemptions.