Jun. 17 at 10:32 AM
$HYSR As is often the case, your information appears to be incomplete – or hopefully not intentionally misleading. Please take the time to carefully review the purchase agreement with GHS, including the amendment dated June 3, 2024, before spreading claims such as: “After all, with enough media hype, GHS could sell hundreds of millions more shares.”
The fact is: SunHydrogen (HYSR) retains control over both the timing and the amount of common stock sold to GHS. Under the agreement, GHS is obligated to purchase up to
$50 million worth of common stock over a two-year period – according to the terms set forth in the contract.
What does this mean in practical terms? Shares may only be sold at a profit, meaning only when the stock price exceeds
$0.014 per share. SunHydrogen intends to use the net proceeds from these sales for general corporate purposes, including working capital. Source: SEC.gov Archives
