SHARC International Systems Inc. announces a non-brokered private placement of secured convertible debentures with a principal amount of up to $1,500,000. The debentures will bear interest at 8.0% per annum and mature in 24 months, with an option to extend for an additional 12 months. Proceeds from the offering will be used for working capital to fulfill the shipment and delivery of SHARC and PIRANHA WET systems. The company may pay a finder’s fee and all securities issued will be subject to a statutory hold period. This offering replaces a previously announced offering on June 20, 2025.

SHARC Energy is a world leader in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production. The company is publicly traded in Canada, the United States, and Germany. Forward-looking statements in this news release caution that actual results may differ due to various factors beyond the company’s control. The company believes the expectations in the forward-looking information are reasonable but does not guarantee their accuracy.

Read more at GlobeNewswire: SHARC Energy Announces Update on Convertible Debenture