03:43 PM EDT, 08/21/2025 (MT Newswires) -- Next Hydrogen Solutions ( NXHSF ) on Thursday said it closed loan agreements totaling $1.5 million.

The company entered into a $530,000 loan with certain directors and officers that carries a 5% annual interest and matures one year from the advance date. As part of the agreement, 214,140 shares were issued at $0.495 per share, along with a $20,000 set-up fee payable at maturity.

Additionally, Next Hydrogen disclosed that the advance of the loan was completed immediately prior to the advance of a $1 million loan from a commercial lender.

Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen.

The company's shares were last seen down $0.02 to $0.45 on the TSX Venture Exchange.

Price: 0.45, Change: -0.02, Percent Change: -4.26