HNO International Advances Nasdaq Uplisting Plans, Secures Investment Banking Support for $20M Capital Raise
TL;DR
HNO International focuses on green hydrogen technology, poised to benefit from rising global energy demand and Bitcoin mining growth.
HNO International specializes in hydrogen-based energy solutions like SHEP and CHRS, providing efficient green hydrogen production and storage technology.
HNO International's green hydrogen technologies aim to reduce carbon footprint, increase access to clean energy, and contribute to a sustainable energy future.
HNO International aims to uplist to Nasdaq, expand globally, and revolutionize hydrogen energy accessibility through innovative infrastructure and franchising model.
HNO International Inc. (OTC: HNOI), a green hydrogen technology company, has engaged a Wall Street investment bank to facilitate its planned Nasdaq uplisting and support a $20 million capital raise through a Regulation A offering. The move comes as global energy demand reaches record levels, with a 4% increase in 2024 and similar growth expected in 2025.
The company's strategic timing aligns with the expanding cryptocurrency mining sector, projected to reach $8.24 billion by 2034. Cryptocurrency mining operations currently consume between 0.6% and 2.3% of U.S. electricity, equivalent to powering three to six million American homes annually. HNO International's green hydrogen solutions could provide a sustainable alternative for crypto mining operations, allowing miners to operate more efficiently while reducing their carbon footprint.
HNO International's approach differs from traditional hydrogen companies by focusing on local infrastructure development through a franchising model, eliminating the need for long-distance hydrogen transportation. The company has prepared for its uplisting by reducing its outstanding shares to 74 million, potentially improving its earnings per share metrics and stock performance.
The partnership with the investment bank, which brings decades of experience in IPOs and various financial vehicles, positions HNO International to expand its reach in the growing alternative energy market. The company aims to complete its Nasdaq uplisting by late summer 2025, marking a significant milestone in its mission to commercialize green hydrogen technology amid increasing global energy demands.
Curated from News Direct