HRS Secures €2 Million Non-Dilutive Bond Financing

HRS, a leader in hydrogen refueling infrastructure, has established a non-dilutive bond financing facility of up to €2 million. The initial €500,000 tranche is set to be subscribed by August 21, 2026. This move supports HRS’s strategy to diversify funding sources and extends its cash flow horizon to the end of 2026. Simultaneously, HRS signed a preliminary sale agreement for its Champagnier site, expected to conclude by the end of 2026.

Further, HRS is negotiating with banking partners to secure €2 million in cash financing before September 2026. This combined funding aims to sustain HRS’s operations beyond the next year. CEO Hassen Rachedi highlights this step as crucial for financial flexibility and ongoing business growth.

The bond issue features a 10% annual interest, with bonds maturing in 24 months. In case of default, bonds may be redeemed in shares impacting shareholders’ equity.