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Hexagon Purus has finalized the acquisition of Wystrach, a provider of hydrogen systems.

As a result, the Company’s board of directors has issued 4,444,430 additional shares of Hexagon Purus (the “Consideration Shares”) to the seller as part consideration for the shares of Wystrach, pursuant to the authorization granted by the Company’s shareholder meeting on 3 November 2020.

Following registration of the Consideration Shares in the Norwegian Register of Business Enterprises, the Company will issue 233 536 669 shares with a par value of NOK 0.10.

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Arnes Biogradlija is the founder and Editor in Chief of EnergyNews.biz, which he launched in 2021 to separate energy transition realities from fairy tales. He writes data driven analysis on hydrogen, energy storage, small modular reactors, grids and industrial policy, and leads the Energy Talks interview series. EnergyNews.biz reporting has been cited more than 100 times by the International Energy Agency.

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