NewHydrogen raises $3 million in private placement with SunHydrogen
NEWH•NewHydrogen closed a $3 million private placement with SunHydrogen on October 26, 2026, issuing 203.65 million shares at $0.01473 each and a warrant to purchase up to 407.3 million additional shares.
1. Placement details
The sale was made under an agreement signed October 23, 2026. SunHydrogen received a warrant immediately exercisable for cash at $0.016203 per share, expiring October 23, 2031. NewHydrogen said it intends to use the net proceeds for general corporate purposes, including working capital.
