HRS Extends Capital Increase Subscription Period

Hydrogen Refueling Solutions (HRS), a French hydrogen infrastructure company, has extended the subscription period for its capital increase until 23 October 2026. The extension allows Arago Technologies to complete necessary administrative processes.

Initially targeting €3.81 million, the capital increase now expects to generate €3.13 million in gross proceeds due to a recent investor withdrawal. This includes €1.65 million in cash and €1.48 million in receivable set-offs. The second bond tranche, totaling €0.50 million, is fully subscribed.

These measures will strengthen HRS's cash position by €2.15 million, extending its cash runway to February 2027. HRS is also seeking bank financing and anticipates completing a headquarters sale-and-leaseback transaction by year's end.