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    HYSR   US86738R1086

SUNHYDROGEN, INC.

(HYSR)
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SunHydrogen : Material Definitive Agreement (Form 8-K)

07/23/2021 | 05:08pm EDT

Entry into a Material Definitive Agreement.

On July 20, 2021, SunHydrogen, Inc. (the 'Company') entered into redemption agreements with Timothy Young, the Company's chief executive officer, Mark Richardson, a director of the Company, and with a consultant of the Company. Pursuant to the redemption agreements, the Company agreed to redeem an aggregate of 24,887,263 options to purchase shares of common stock of the Company (including 16,300,618 options held by Mr. Young with an exercise price of $0.0099, 4,289,636 options held by Mr. Richardson with an exercise price of $0.0099, and 4,297,009 options held by the consultant with an exercise price of $0.01) for a redemption price of $0.05828 per option (with respect to the options held by Mr. Young and Mr. Richardson) or $0. 05818 per option (with respect to the options held by the consultant).

Exhibit No Exhibit
10.1 Form of Redemption Agreement (Incorporated by reference to Exhibit 10.1 of current report on Form 8-K filed on March 9, 2021)
2

Disclaimer

HyperSolar Inc. published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 21:07:04 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2020 - - -
Net income 2020 -57,5 M - -
Net Debt 2020 1,43 M - -
P/E ratio 2020 -0,77x
Yield 2020 -
Capitalization 199 M 199 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 1
Free-Float 93,5%
Chart SUNHYDROGEN, INC.
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Income Statement Evolution
Managers and Directors
Timothy Alan Young Chairman, President, Chief Executive Officer & CFO
Joun-Ho Lee Chief Technology Officer
Woosuk Kim Chief Operating Officer & Director
Mark J. Richardson Independent Director
Syed Mubeen Jawahar Hussaini Lead Scientist
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