Exclusive off-Market H2X Shares Available

Source: www.gulfoilandgas.com 5/11/2023, Location: Asia

A parcel of 3,150,000 H2X Global Limited fully paid ordinary shares have become available to purchase via an off-market transfer.

H2X is the world’s leading hydrogen fuel cell electric vehicle company which has over $50m in orders from across the world and agreements in place to manufacturer vehicles in India, Asia and Europe.

This off market offer presents a unique opportunity for investors, as H2X has recent experienced a 44% valuation increase ($69.1m to $100m) and has engaged a series of UK-based advisors to execute an IPO on the London Stock Exchange at the end of 2023.

Recent highlights:
• Recently signed a joint- lead engagement letter with UK firms for an initial public listing on the London Stock Exchange targeted for the end of 2023, subject to market conditions.
• With over $50 million in orders for its revolutionary hydrogen-powered vehicles across the world and a projected $819m in orders by December 2024, H2X is strongly placed to deliver a significant liquidity event.
• Recently experienced a 44% valuation uplift from $69.1m to $100m, which shows strong growth potential as it begins to fulfil their global book of orders.
• Renova AB has made an approximate payment of $2m to H2X Global as part of a larger 70 million SEK contract to deliver hydrogen-powered commercial trucks to the city of Gothenburg, Sweden, with the first expected in December 2023.
• A joint venture to produce vehicles in India with Indian manufacturing heavyweight Advik Hi-Tech will see hydrogen vehicles and other products rolling off the production line seen in the second half of 2023.
• Selected as one of 15 startup businesses participating in the Amazon Web Services (AWS) Clean Energy Accelerator 3.0, designed to assist mature startups in accelerating the global decarbonisation process at scale.
• Signed MoU with Norwegian Hydrogen AS, a green hydrogen production-, distribution and refuelling Company, to collaborate on the commercial supply of hydrogen and the range of Hydrogen Fuel Cell commercial vehicles.
• Released the world's first hydrogen-fuelled utes that serves as a proof of concept for H2X’s state-of-the-art hybrid hydrogen fuel cell system and powertrain, which it will use to develop a suite of carbon-free vehicles, including the Darling Delivery Van and Taxi/MPV.

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