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Hydreight Announces up to $10 Million Convertible Debenture Offering

VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. (TSXV:NURS, OTC:HYDTF, FSE: SO6)) ("Hydreight" or the "Company"), a leader in nationwide digital healthcare solutions, announces that it has entered into an agreement with Canaccord Genuity Corp. (the "Lead Agent"), pursuant to which it has agreed to act as lead agent and sole bookrunner, in connection with a "best efforts" private placement of up to C$10,000,000 aggregate principal amount of unsecured convertible debentures of the Company (the "Debentures"), issued in ordinary multiples of C$1,000 (the "Offering").

In connection with the Offering, the Company has granted the Lead Agent an option to increase the size of the Offering by up to C$1,500,000 aggregate principal amount of Debentures, exercisable by the Lead Agent, in whole or in part, any time up until 48 hours prior to the closing date of the Offering (the "Closing Date").

The Debentures will be issued pursuant to the terms of a debenture indenture to be entered into by the Company and Odyssey Trust Company, as debenture trustee, on the Closing Date (the "Debenture Indenture") and will mature on the date that is 36 months from the date of issuance, subject to the exercise of the Forced Conversion Right (as defined herein) (the "Maturity Date"). The outstanding principal amount of each Debenture will be unsecured and will be convertible into common shares of the Company (the "Common Shares" and each Common Share issuable upon conversion of a Debenture being a "Debenture Share"), at the option of the holder thereof, at any time prior to 5:00 p.m. (Toronto time) on the last business day immediately preceding the Maturity Date, at a conversion price equal to C$4.06 per Debenture Share (the "Conversion Price"), subject to adjustment in accordance with the Debenture Indenture. The outstanding principal amount of the Debentures, together with any accrued and unpaid interest, will become due and payable in full on the Maturity Date and will be payable in cash.

If at any time after the two year anniversary of the Closing Date and prior to the Maturity Date, the daily volume weighted average trading price of the Common Shares on the TSX Venture Exchange exceeds 125% of the Conversion Price for 20 consecutive trading days (the "Conversion Trigger"), the Company will have the right to force the conversion of all principal amount outstanding under the Debentures into Debenture Shares at the Conversion Price (the "Forced Conversion Right"). In the event the Forced Conversion Right is exercised, the Company will provide notice to the holders ...