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Charbone Hydrogen Launches a Transaction Indicative Offers Process and Appoints Maxim Group as its Exclusive Financial Advisor
(TheNewswire) Brossard, Quebec – TheNewswire - November 27, 2023 – ...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"Charbone Hydrogen Launches a Transaction Indicative Offers Process and Appoints Maxim Group as its Exclusive Financial Advisor\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Brossard, Quebec –\n \n \n TheNewswire -\n \n \n November 27, 2023 –\n \n \n CHARBONE HYDROGEN CORPORATION (TSXV:CH\n \n \n )\n \n \n (\n \n \n OTC:CHHYF\n \n \n )\n \n \n (\n \n \n FWB:K47)\n \n \n \n \n (“\n \n \n Charbone\n \n \n ” or\n“\n \n \n Company\n \n \n ”)\n \n \n is pleased to announce\n \n \n that it has executed an engagement letter to appoint Maxim\nGroup LLC\n \n \n (“\n \n \n Maxim\n \n \n ”)\n \n \n as the Charbone’s exclusive financial advisor to perform\nthe advisory services in connection with a merger and acquisition\ntransaction\n \n \n (the “\n \n \n Agreement\n \n \n ”).\n \n \n \n \n The executed Agreement between the parties will provide\nCharbone with the strong and experienced investment banking partner to\nlead the offers process to invite existing and potential partners to\nparticipate in a proposed transaction that is expected to be\nundertaken by the Company with respect to the potential partnership or\nsale, in part or in whole, of certain of its developed projects, and\npotential equity position in the Company or its subsidiaries\n \n \n (the “\n \n \n Transaction\n \n \n ”). Charbone and Maxim has\nlaunched the process where candidates, newly presented to or already\nin discussion with Charbone, will be invited to submit an indicative\noffer for the Transaction no later than 17:00h EST on December 15,\n2023.\n \n \n \n \n \n \n The upcoming closing of the Transaction is part of\nCharbone’s financing plan to complete its first project at\nSorel-Tracy (Quebec, Canada), which is under construction and planned\nto be in production in the first semester of 2024 and to continue the\ndevelopment of a network of up to 15 facilities in Canada and the\nUnited States of production and distribution of renewable hydrogen by\n2028.\n \n \n \n \n About Charbone Hydrogen\nCorporation\n \n \n \n \n Charbone is a green hydrogen group established in North\nAmerica. The company's strategy is to develop modular and expandable\nhydrogen facilities and regional hubs. Charbone will...