12:50 PM EDT, 07/23/2025 (MT Newswires) -- Next Hydrogen Solutions ( NXHSF ) on Wednesday said it had secured a total $1.5 million in loans and is issuing an aggregate of 214,140 common shares at $0.495 per share in consideration of an advance by the lenders.

A statement noted the issue represents approximately 20% of the principal amount of the loan and it has led to the company's stock price trading 9% lower during Wednesday's trading session following the announcement.

The company said the advance of a $530,000 loan is expected to take place on July 23, 2025, immediately prior to the advance of a $1 million loan from an arm's length commercial lender that is being negotiated between the company and such lender.

It added the loan may be converted into common shares.

Next Hydrogen intends to use the proceeds of the loan and the original loan for working capital and general corporate purposes.

Price: 0.45, Change: -0.05, Percent Change: -9.09