---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-072852"
form_type: "8-K"
ticker: "HYSR"
cik: "0001481028"
company_name: "SUNHYDROGEN, INC."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:25:27.420616+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SunHydrogen invests $10M in TECO 2030; 9.3% stake plus $3M convertible note

## Summary
- Purchased 13.44M new shares of TECO 2030 for $7M, representing a 9.3% ownership stake.
- Also acquired $3M in convertible bonds due 2025, bearing 8% interest, convertible at NOK 5.0868.
- SunHydrogen to nominate a director to TECO's board, subject to shareholder approval.
- Parties agree to explore a potential business combination and US exchange up-listing.
- TECO is building Europe's first hydrogen fuel cell gigafactory; recently won a €5M Horizon Europe grant.

## SEC filing metadata
- accession: 0001213900-22-072852
- form_type: 8-K
- ticker: HYSR
- cik: 0001481028
- company_name: SUNHYDROGEN, INC.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481028/000121390022072852/0001213900-22-072852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481028/000121390022072852/ea168748-8k_sunhydrogen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-072852
- JSON: https://secwatch.observer/filing/0001213900-22-072852.json
- Plain text: https://secwatch.observer/filing/0001213900-22-072852.txt

## Key facts
- Material Agreements
  SUNHYDROGEN, INC. entered into Subscription Agreement with TECO 2030 ASA (effective 2022-11-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: TECO 2030 ASA
  - Effective: 2022-11-11
  source text: On November 11, 2022, SunHydrogen, Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with TECO 2030 ASA, a public limited company incorporated in Norway (“TECO”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1481028/000121390022072852/0001213900-22-072852-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.