HRS Reduces its Capital Increase to €1.5M

HRS, a company specializing in hydrogen refueling stations, has completed its capital increase at €1.5 million. Initially planned at €3.81 million, the operation was adjusted due to the withdrawal of some investors and administrative complications encountered by Arago Technologie. Arago Technologie ultimately committed to investing €0.5 million, with the aim of subscribing to an additional €1 million in a future round of financing.

HRS has issued 1,875,000 new shares. These shares, listed under ISIN code FR0014001PM5, will be traded on Euronext Growth. The share increase, along with a second tranche of bonds, boosts cash reserves by €1 million, extending the financial horizon until the end of December 2026.