Hybrid Power Solutions closes oversubscribed non-brokered private placement

  Toronto, Ontario – TheNewswire - June 11, 2026 -- Hybrid Power Solutions Inc. (" Hybrid " or the “ Company ”) (CSE: HPSS) (FSE: E092), an emerging leader in the delivery of fuel-free clean power solutions, is pleased to announce the closing of its previously announced non-brokered private placement (the “ Offering ”). The Company issued 33,940,000 Units at a price of CDN$0.05 per Unit for gross proceeds of CDN$1,697,000 (the “ Closing ”). Each Unit consists of one common share in the capital of the Company (a “ Common Share ”) and one common share purchase warrant (a “ Warrant ”).

Each Warrant entitles 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 are subject to an acceleration clause whereby, if the closing price of the  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 by issuing a news release, in which case the Warrants will expire not less than 30 days after the date of such news release. All securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the CSE. In connection with the Offering, the Company paid aggregate finder’s fees in the aggregate amount of CDN$51,660 and issued 1,117,200 finders warrants to eligible finders in accordance with the policies of the CSE.  Each finder warrant entitles the holder thereof to acquire one Common Shares at a price of CDN$0.05 for a period of 24 months from the Closing. The net proceeds of the Offering will be used for general working capital and corporate purposes.   Separately, the Company announces the issuance of 1,050,000 restricted share units (“ RSUs ”) to certain officers and senior management of the Company pursuant to its omnibus equity incentive plan.

These RSUs are intended to align management’s interests with those of shareholders and support the Company’s ongoing growth objectives. 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 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 Cautionary Statement Regarding Forward-Looking Information Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”).

Without limiting the foregoing, such forward-looking information in this news release includes statements regarding the final acceptance of the Offering by the CSE, the use of proceeds of the Offering, and the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved.

Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent management’s discussion and analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company’s profile and on the Company’s website, https://hybridps.ca/.

The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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