Sichenzia Ross Ference LLP represented SunHydrogen in the transaction.
SunHydrogen, Inc. (OTC: HYSR) executed a registered direct offering with a single institutional investor to purchase 95,238,096 shares of its common stock and warrants to purchase an aggregate of up to 71,428,572 shares of common stock. The combined purchase price for one share of common stock and a warrant to purchase 0.75 of a share of common stock is $0.105. The warrants have an exercise price of $0.12 per share, will be immediately exercisable and will expire five years from the issue date. The gross proceeds from the offering were $10,000,000.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
SunHydrogen is the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water.
The Sichenzia Ross Ference LLP team advising SunHydrogen was led by partners Gregory Sichenzia (Picture), Jeffrey Cahlon, and Huan Lou and associate Matthew Siracusa.
Involved fees earner: Jeffrey Cahlon – Sichenzia Ross Ference LLP; Huan Lou – Sichenzia Ross Ference LLP; Gregory Sichenzia – Sichenzia Ross Ference LLP; Matthew Siracusa – Sichenzia Ross Ference LLP;
Law Firms: Sichenzia Ross Ference LLP;