TORONTO, Ontario – TheNewswire - May 14, 2026 – Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) (“Hybrid” or the “Company”), an emerging leader in the delivery of fuel-free clean power solutions, is pleased to announce a non-brokered private placement (the “Offering”) of up to 30,000,000 units (the “Units”) at a price of CDN$0.05 per Unit, for gross proceeds of up to CDN$1,500,000.

Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”).

Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of CDN$0.08 for a period of two years from the closing date of the Offering.

The Warrants will be subject to an acceleration clause whereby, if the closing price of the Company’s Common Shares on the Canadian Securities Exchange (“CSE”) exceeds CDN$0.15 for 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants to a date that is not less than 30 days following the date of a news release announcing the acceleration.

All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

The Company may pay finder’s fees to eligible finders in accordance with the policies of the CSE.

The Offering is expected to close on or about June 12, 2026, subject to customary closing conditions, including receipt of all necessary regulatory approvals, including the approval of the CSE.

The net proceeds of the Offering will be used for general working capital and corporate purposes.

 

About Hybrid Power Solutions

Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS." The Company specializes in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications. With a focus on environmental responsibility and technological innovation, Hybrid Power Solutions is committed to leading the clean energy transition.

On Behalf of the Company,

Francois Byrne, CEO and Director

For further information, inquiries, or media opportunities, please contact:

Hybrid Power Solutions
E:   invest@hybridps.ca
T:   866-549-2743
W: www.investhps.com

Investor Relations
Dean Stuart
E:   dean@boardmarker.net
T:   403-617-7609

Sophic Capital

Sean Peasgood

E:   Sean@SophicCapital.com

T:   437-836-8862

Forward-Looking Statements

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by terminology such as "will," "expects," "anticipates," or variations of such words and phrases, or by statements that certain actions, events, or results "will" occur. Forward-looking statements are based on management’s estimates as of the date such statements are made and are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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