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Aurora Hydrogen Closes US$10M Series A Preferred Share Financing

Date Closed

June 23, 2022

Lead Office

Vancouver

Value

10.00 Million USD

On June 23, 2022, Aurora Hydrogen Inc. completed a Class A preferred share financing with institutional and strategic investors for US$10 million. The funds will be used by Aurora Hydrogen to scale its proprietary and highly efficient microwave pyrolysis technology that allows it to produce hydrogen and solid carbon without generating CO2 emissions or consuming water.

McCarthy Tétrault assisted Aurora Hydrogen Inc. with a team led by Gerald Gaunt that included Peter Quon, Kelsey Franks, Luke Morassut and Ann Walker (Business), Jeremy Ho (Tax), Vincent Yip and Jeff Sun (IP), Laura Devries, Justin Turc and Patrick Pengelly (Employment), Sean Smyth (Litigation), Robert Glasgow (Trade) and Michael Caldecott (Regulatory).

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