HydroGraph Clean Power Inc. has closed its upsized bought deal public offering, raising aggregate gross proceeds of C$70,380,000.

The financing delivered 10,350,000 units priced at C$6.80 each, a total that includes the full exercise of an over-allotment option for 1,350,000 units worth C$9,180,000. Canaccord Genuity Corp. acted as the sole underwriter and bookrunner, receiving a cash commission of C$4,202,196 alongside 310,500 broker warrants exercisable at C$8.16 until August 25, 2029. Each ordinary unit consists of one common share and half of a common share purchase warrant, with each whole warrant carrying an exercise price of C$8.16 until August 25, 2031.

The capital injection follows prior financing rounds, including a C$30 million LIFE offering in March 2026 and a C$20 million LIFE offering in November 2025, to fund commercial and production activities.

Net proceeds are earmarked for business development, working capital, general corporate purposes, and the expansion of HydroGraph’s manufacturing facilities in Texas.

“The successful completion of this financing represents an important milestone for the Company,” said Kjirstin Breure, President & Chief Executive Officer of HydroGraph. “The proceeds from this offering will help advance HydroGraph's strategic growth initiatives, including the expansion of our manufacturing facilities in Texas, and development programs and our sales and marketing activities, including those focused on federal and defense initiatives. With this enhanced financial flexibility, we believe HydroGraph is well positioned to execute on its strategic plan to expand the Company's production capacity and advance its commercialization strategy.”

— President & Chief Executive Officer

Read the full announcement: HydroGraph Announces Closing of Upsized Bought Deal Offering for Gross Proceeds of C$70.4 Million, including Full Exercise of the Over-Allotment Option