secwatch.observer — SEC 8-K summary
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Issuer:     SUNHYDROGEN, INC. (HYSR)
CIK:        0001481028
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001213900-22-072852
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481028/000121390022072852/0001213900-22-072852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481028/000121390022072852/ea168748-8k_sunhydrogen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072852

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer