Im Zuge der Betrachtung von SunHydrogen dürfte auch TECOs heutige Pressemitteilung TECO 2030 | NO0010887516 | Euronext exchange Live quotes relevant sein. Im Geschäftsbericht von SunHydrogen für das Geschäftsjahr 1.7.2022 – 30.6.2023 steht u.a. (Auszüge von Seite F-17): XBRL Viewer (sec.gov) The Company over the past year has considered many companies in the hydrogen space for strategic investments, and believed that TECO 2030 ASA (TECO)’s fuel cell technology, designed with their development partner AVL, has shown incredible potential to become a key player in the fuel cell market. On November 11, 2022, the Company (“SunHydrogen”) entered into a subscription agreement with TECO a public limited company incorporated in Norway. Pursuant to the subscription agreement, the Company purchased 13,443,875 shares of TECO stock for an aggregate consideration of $7 million in USD, at an exchange rate of NOK 10.4094. The stocks purchased are adjusted to fair value based on unrealized gain or loss at the end of each period. Sunhydrogen, Inc. has reported TECO as a related party, due to having an 8.3% interest as a shareholder. The Company purchased a bond receivable of TECO for a subscription amount of $3 million in USD. The issuance of the bond receivable is through a Tap Issue Addendum to TECO’s secured convertible notes agreement dated June 1, 2022, pursuant to which Nordic Trustee AS is acting as the security agent on behalf of the note holders. The bond receivable mature on June 1, 2025, and bears interest at the rate of 8% per annum paid quarterly in arrears and are convertible into shares of TECO at a rate of NOK 5.0868 per share. For the year ended June 30, 2023, the Company recognized interest income of $113,913 in the financial statements. All interest income has been paid timely each quarter. |
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