HNO International Advances Toward Nasdaq Listing with Strategic Investment Bank Partnership
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.
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HNO International Inc. is making strategic moves to transition from the Over-the-Counter (OTC) market to a Nasdaq listing, targeting substantial growth in the green hydrogen energy technology sector. The company has engaged an unnamed investment bank as its placement agent and financial advisor to support a Reg-A capital raise of up to $20 million for capital expenditures and future acquisitions.
The investment comes at a critical time when global energy demand is projected to reach record levels in 2024 and 2025. HNO International specializes in designing and developing green hydrogen-based energy technologies, including its Scalable Hydrogen Energy Platform (SHEP™) and Compact Hydrogen Refueling Station (CHRS™).
A particularly promising opportunity lies in the cryptocurrency mining sector, where energy consumption is substantial. The global Bitcoin mining market is expected to reach $8.24 billion by 2034, growing at a 12.9% compound annual growth rate. HNO International sees potential in providing clean, stored hydrogen energy to miners, potentially reducing carbon footprints and optimizing energy usage.
The company has already taken steps to prepare for its Nasdaq uplisting by reducing its outstanding share structure to 74 million shares, which could improve earnings per share and potentially drive stock value. CEO Donald Owens aims to complete the Nasdaq uplisting by late summer 2025.
What distinguishes HNO International from competitors is its focus on building local hydrogen infrastructure without the need for long-distance transportation. By creating a franchising model that makes hydrogen accessible locally, the company hopes to address current inefficiencies in hydrogen production and distribution.
As global energy demands continue to rise and the push for clean energy technologies intensifies, HNO International's strategic positioning in the green hydrogen sector could prove significant for investors and the renewable energy landscape.
Curated from News Direct
