Green Hydrogen Systems A/S completes share capital reduction, secures short-term loan for funding

From GlobeNewswire: 2024-12-20 10:15:25

Green Hydrogen Systems A/S in Kolding, Denmark, has completed a reduction in its share capital, now amounting to DKK 1,877,339.02 with a nominal value per share of DKK 0.01. To secure funding until March 2025, A.P. Moller Holding and ATP have provided a DKK 80 million short-term loan facility. The Company’s CEO, René Umlauft, is actively engaging with potential customers for the HyProvide X-series, with the expectation of securing orders in early 2025. Plans for a rights issue of at least DKK 300 million are in place for March to April 2025, pending commercial traction with the X-Series. The Company’s product cost-out program is progressing as planned, with updates expected in March 2025.



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