PowerTap Hydrogen Fueling Corp. announced a private placement of 18,000,000 common shares at an issue price of $2.72 per share for the gross proceeds of $48,960,000 on February 5, 2021. The transaction included participation from returning investor Clean Power Capital Corp. (CNSX:MOVE) for 4.5% stake in the company. Post the closing, the investor will hold 94.5% stake in the company.