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## How AI legalese decoder Can Help in Understanding Securities Offerings

### Overview of Hybrid Power Solutions Inc.’s Non-Brokered Prospectus Financing
Hybrid Power Solutions Inc. (CSE: HPSS) (OTCQB: HPSIF) (FSE: E092) (“Hybrid” or the “Company”) is pleased to announce a non-brokered prospectus financing of units (the “Units”) consisting of up to 5,000,000 Units at $0.30 per Unit for gross proceeds of up to $1,500,000 (the “Offering”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant of the Company (a “Warrant”). Each Unit Warrant will entitle the holder to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.32 per Unit Warrant Share for a period of 24 months from closing of the Offering, subject to acceleration.

### How AI legalese decoder Can Help
AI legalese decoder can assist in deciphering complex legal terms and clauses, making it easier for investors and stakeholders to understand the details of the Offering. By breaking down the legal jargon and providing clear explanations, the decoder can enhance transparency and facilitate informed decision-making for potential investors.

### Acceleration Clause and Criteria for Expiry of Warrants
The acceleration clause of the Warrants will provide that if the volume weighted average price of the Common Shares on the Canadian Securities Exchange (CSE) exceeds $0.40 for a period of 5 consecutive trading days between the closing date of the Offering and the expiry of the Warrants, then the Company may accelerate the expiry date of the Warrants by providing written notice to the Warrant holders via news release. If the Company provides such acceleration notice, then any unexercised Warrants will expire on the 30th day after the date on which the news release is disseminated.

### Subscription Process and Usage of Proceeds
The Offering will be subscribed by ‘accredited investors’ under applicable securities laws, and the Company will be entering into formal subscription agreements with each investor to purchase the Units. The Company intends to use the proceeds from the Offering for general working capital and corporate purposes. AI legalese decoder can streamline the subscription process by clarifying the legal requirements and guiding investors through the documentation.

### Registration and Compliance with Securities Laws
The Units will be qualified under a shelf prospectus supplement to be filed with the securities commissions in British Columbia, Alberta, Saskatchewan, Ontario, Manitoba, and Newfoundland and Labrador, in accordance with National Instrument 44-101 Short Form Prospectus Distributions and National Instrument 44-102 Shelf Distributions. By ensuring compliance with regulatory requirements, AI legalese decoder can help the Company navigate the legal landscape efficiently and mitigate potential risks.

### Closing Details and Regulatory Considerations
The Offering is expected to close on or about April 30, 2024, subject to certain conditions including the receipt of all necessary approvals and listings, fulfilling applicable requirements of the CSE. AI legalese decoder can provide real-time updates on regulatory approvals and compliance status, enabling the Company to monitor the progress of the Offering and address any regulatory challenges effectively.

### Disclaimer and Forward-Looking Statements
The securities referenced in this news release have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States. AI legalese decoder can help in analyzing the implications of regulatory restrictions and ensuring compliance with international securities laws.

### Contact Information and Company Profile
Francois Byrne, CEO, and Director of Hybrid Power Solutions Inc., can be contacted at [email protected] or 1 (866) 549-2743. For more information about the Company, visit www.investhps.com. AI legalese decoder can provide contact details and background information on key personnel, facilitating communication and due diligence processes for investors.

### About Hybrid Power Solutions Inc. and Future Prospects
Hybrid Power Solutions Inc. is a Canadian clean energy company listed on the Canadian Securities Exchange under the symbol “HPSS”. With a focus on sustainable energy solutions and innovation, the Company continues to lead the way in providing scalable, cost-effective power solutions. AI legalese decoder can analyze market trends and industry developments to assess the growth potential of Hybrid Power Solutions Inc. and provide insights for strategic decision-making.

### Forward-Looking Statements and Risk Factors
The news release contains forward-looking information under Canadian securities legislation, including statements about the Offering, Unit Warrant acceleration clause, use of proceeds, and regulatory approvals. AI legalese decoder can evaluate the risks and uncertainties associated with forward-looking statements, helping investors understand the potential impact on investment decisions and assess risk mitigation strategies.

### Conclusion
By leveraging AI legalese decoder, Hybrid Power Solutions Inc. can enhance transparency, compliance, and investor communication throughout the Offering process. The decoder’s ability to simplify legal language, provide regulatory guidance, and analyze market dynamics can empower the Company to navigate complex legal frameworks, engage with stakeholders effectively, and optimize the success of the Offering.

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