Hypercharge to Install EV Charging at Capilano Volkswagen in North Vancouver, BC
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has announced plans to install six Level 2 charging stations and one DC fast charger at Capilano Volkswagen in North Vancouver, BC. The installation is scheduled for completion in September 2024. Hypercharge will replace existing non-operational charging stations, ensuring uninterrupted EV sales for the dealership.
Justin Izatt, Fixed Operations Manager at Capilano Volkswagen, praised Hypercharge's service and proactive approach. Chris Koch, Head of Growth & Partnerships at Hypercharge, emphasized the company's commitment to supporting dealerships with reliable charging solutions.
Additionally, Hypercharge announced its intention to re-price 2,380,947 existing share purchase warrants from $1.35 to $0.12, subject to TSX Venture and warrant holder approval. A forced exercise clause will be added to the warrant terms.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha annunciato piani per installare sei stazioni di ricarica di livello 2 e un caricatore rapido DC presso Capilano Volkswagen a North Vancouver, BC. L'installazione è prevista per essere completata entro il settembre 2024. Hypercharge sostituirà le stazioni di ricarica non operative esistenti, garantendo vendite continue di veicoli elettrici per il concessionario.
Justin Izatt, Manager delle Operazioni Fisse di Capilano Volkswagen, ha elogiato il servizio di Hypercharge e il suo approccio proattivo. Chris Koch, Responsabile Crescita e Partnership di Hypercharge, ha sottolineato l'impegno dell'azienda nel supportare i concessionari con soluzioni di ricarica affidabili.
Inoltre, Hypercharge ha annunciato la sua intenzione di ri-prezzare 2.380.947 warrant di acquisto azioni esistenti da $1.35 a $0.12, soggetto all'approvazione della TSX Venture e dei detentori di warrant. Una clausola di esercizio forzato sarà aggiunta ai termini dei warrant.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha anunciado planes para instalar seis estaciones de carga de nivel 2 y un cargador rápido DC en Capilano Volkswagen en North Vancouver, BC. Se espera que la instalación se complete en septiembre de 2024. Hypercharge reemplazará las estaciones de carga no operativas existentes, asegurando ventas ininterrumpidas de vehículos eléctricos para el concesionario.
Justin Izatt, Gerente de Operaciones Fijas en Capilano Volkswagen, elogió el servicio de Hypercharge y su enfoque proactivo. Chris Koch, Jefe de Crecimiento y Alianzas en Hypercharge, enfatizó el compromiso de la empresa en apoyar a los concesionarios con soluciones de carga confiables.
Además, Hypercharge anunció su intención de re-preciar 2,380,947 garantías de compra de acciones existentes de $1.35 a $0.12, sujeto a la aprobación de TSX Venture y de los tenedores de garantías. Se añadirá una cláusula de ejercicio forzado a los términos de las garantías.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF)는 BC주 노스밴쿠버의 Capilano Volkswagen에 6개의 Level 2 충전소와 1개의 DC 고속 충전기를 설치할 계획을 발표했습니다. 설치는 2024년 9월에 완료될 예정입니다. Hypercharge는 기존의 비작동 충전소를 교체하여 딜러십의 전기차 판매가 중단되지 않도록 보장합니다.
Capilano Volkswagen의 고정 운영 관리자 Justin Izatt는 Hypercharge의 서비스와 능동적인 접근 방식을 높이 평가했습니다. Hypercharge의 성장 및 파트너십 책임자 Chris Koch는 신뢰할 수 있는 충전 솔루션으로 딜러십을 지원하려는 회사의 의지를 강조했습니다.
또한 Hypercharge는 2,380,947개의 기존 주식 구매 워런트를 $1.35에서 $0.12로 재평가할 계획이라고 발표했습니다. 이는 TSX Venture 및 워런트 보유자의 승인에 따릅니다. 강제 행사 조항이 워런트 조건에 추가될 것입니다.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) a annoncé des projets d'installation de six stations de charge de niveau 2 et un chargeur rapide DC chez Capilano Volkswagen à North Vancouver, BC. L'installation devrait être terminée en septembre 2024. Hypercharge remplacera les stations de charge non opérationnelles existantes, garantissant ainsi des ventes continues de véhicules électriques pour le concessionnaire.
Justin Izatt, Responsable des opérations fixes chez Capilano Volkswagen, a loué le service de Hypercharge et son approche proactive. Chris Koch, Responsable de la croissance et des partenariats chez Hypercharge, a souligné l'engagement de l'entreprise à soutenir les concessionnaires avec des solutions de charge fiables.
De plus, Hypercharge a annoncé son intention de réévaluer 2.380.947 options d'achat d'actions existantes de $1.35 à $0.12, sous réserve de l'approbation de TSX Venture et des détenteurs d'options. Une clause d'exercice forcé sera ajoutée aux conditions des options.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) hat Pläne angekündigt, sechs Level-2-Ladestationen und einen DC-Schnellladegerät bei Capilano Volkswagen in North Vancouver, BC, zu installieren. Die Installation soll bis September 2024 abgeschlossen sein. Hypercharge wird bestehende nicht funktionierende Ladestationen ersetzen, um einen ununterbrochenen Verkauf von Elektrofahrzeugen für den Händler sicherzustellen.
Justin Izatt, Fixed Operations Manager bei Capilano Volkswagen, lobte den Service von Hypercharge und den proaktiven Ansatz. Chris Koch, Leiter Wachstum & Partnerschaften bei Hypercharge, betonte das Engagement des Unternehmens, Händlern zuverlässige Ladestationen zur Verfügung zu stellen.
Darüber hinaus gab Hypercharge seine Absicht bekannt, 2.380.947 bestehende Aktienkaufwarrants von $1.35 auf $0.12 umzupreisen, vorbehaltlich der Genehmigung durch TSX Venture und die Warrant-Inhaber. Eine Zwangsausübungsregelung wird den Bedingungen der Warrants hinzugefügt.
- Secured contract to install 7 EV charging stations at Capilano Volkswagen
- Replacing non-operational charging stations, potentially increasing market share
- Positive feedback from Capilano Volkswagen's Fixed Operations Manager
- Re-pricing of warrants from $1.35 to $0.12 indicates significant stock price decline
- Warrant re-pricing may lead to potential shareholder dilution
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce it will provide six Level 2 charging stations and one DC fast charger to Capilano Volkswagen in North Vancouver, British Columbia, with installation scheduled to be completed in September 2024.
Capilano Volkswagen, a family-owned business serving British Columbia's North Shore for over 50 years, offers a wide range of new and pre-owned Volkswagen vehicles, along with comprehensive service and maintenance solutions tailored to meet the needs of its clients.
Hypercharge will be replacing the existing non-operational charging stations from a different EV charging network at Capilano Volkswagen, ensuring the dealership can continue to meet its needs with reliable solutions. To support the dealership during this transition and to ensure the continued selling of electric vehicles without disruption, Hypercharge has provided access to charging stations at its Head Office in North Vancouver until the new installation is complete.
"We are incredibly grateful for the outstanding service provided by Hypercharge," said Justin Izatt, Fixed Operations Manager at Capilano Volkswagen. "When we contacted Hypercharge to replace and expand our aging EV charging stations, they seemed to be the only company that cared about our needs and requirements. They arrived onsite to evaluate and discuss options with electricians on hand. The other companies only supplied sales pitches and pricing. While waiting for the arrival of our new equipment our charging stations failed, I reached out to Hypercharge, and they provided access to their charging stations to tide us over until the equipment arrived. Their proactive approach, attention to detail, and genuine commitment to excellence have truly set them apart. Working with them has been a pleasure."
"As dealerships continue to increase sales of EVs, Hypercharge is proud to support Capilano Volkswagen with fast and reliable charging solutions," said Chris Koch, Head of Growth & Partnerships at Hypercharge. "Our ability to quickly replace non-operational charging stations ensures that auto dealers can maintain EV sales without disruption, and we are committed to providing both interim support and long-term infrastructure to meet their needs effectively."
Warrant Re-Pricing
The Company is also announcing its intention to re-price existing share purchase warrants ("Warrants") to bring them into line with the Company's current trading price. 2,380,947 Warrants were issued on May 17, 2023, at an exercise price of
In addition, per TSX Venture policy, a forced exercise clause is intended to be added to the terms of each Warrant, whereby the exercise period of the Warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the Warrant (the "Premium Trading Days"), the closing price of the Listed Shares exceeds the exercise price of the Warrants by
About Hypercharge
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift towards a carbon neutral economy, Hypercharge is committed to offering seamless, simple solutions including industry-leading hardware, innovative and integrated software, and comprehensive services, backed by a robust network of public and private charging stations. Learn more: https://hypercharge.com/.
On behalf of the Company,
Hypercharge Networks Corp.
David Bibby, President & CEO
Contacts
Investor Relations:
Chris Tyson | Executive Vice President | MZ Group
invest@hypercharge.com | (949) 491-8235
Media Contact:
Kyle Kingsnorth | Head of Marketing | Hypercharge
kyle.kingsnorth@hypercharge.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements regarding the expected timing, delivery and installation of EV charging stations. Forward-looking statements are often identified by terms such as "may", "could", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222052
FAQ
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