On October 23, 2026, SunHydrogen, Inc. entered into and closed a securities purchase agreement with NewHydrogen, Inc. Under the terms of this agreement, NewHydrogen issued and sold 203,650,000 shares of its common stock to SunHydrogen. Additionally, NewHydrogen provided warrants to purchase up to 407,300,000 shares of its common stock. The aggregate purchase price for these shares and warrants was $2,999,764.50, which equates to $0.01473 per share.
The warrants issued to SunHydrogen are exercisable immediately upon issuance and have a term of five years. The exercise price for these warrants is set at $0.016203 per share. The Company stated that the foregoing descriptions of the Purchase Agreement and the Warrants are qualified by reference to the full text of such documents, which are filed as exhibits to this report.
