HydrogenPro ASA Completes Private Placement with LONGi Hydrogen Technology
Key Ideas
- HydrogenPro ASA completed a private placement of 12,703,209 new shares to LONGi Hydrogen Technology, raising approximately NOK 70 million.
- The share capital increase has been registered with the Norwegian Register of Business Enterprises, bringing the total number of shares to 95,524,889.
- Haimeng Zhang's election as a board member, approved at the annual general meeting in April 2025, has taken effect following the registration of the share capital increase.
HydrogenPro ASA, listed on the Oslo Stock Exchange under the ticker HYPRO, recently concluded a private placement deal with LONGi Hydrogen Technology. In this transaction, HydrogenPro ASA issued 12,703,209 new shares to a subsidiary of LONGi Hydrogen Technology, generating gross proceeds of approximately NOK 70 million for the company. The share capital increase resulting from the issuance of these new shares has been officially recorded in the Norwegian Register of Business Enterprises. This registration reflects a new share capital of NOK 1,910,497.78 and a total share count of 95,524,889, each share having a nominal value of NOK 0.02. Moreover, as per the resolutions passed during the annual general meeting in April 2025, Haimeng Zhang has been formally appointed as a board member following the completion of the share capital increase registration. This strategic move signifies a significant development for HydrogenPro ASA, indicating a positive growth trajectory and strengthening relationships within the hydrogen technology sector.