Dear Shareholders, Investors, and Partners,
Rights Issue Shortfall
Firstly, I would like to personally thank every H2X shareholder who participated in our entitlement offer, which officially closed last Monday.
For those who may have missed this initial opportunity, the shortfall is now available to both new and existing investors. Swiftly closing this funding gap is important to allow H2X to build on our current momentum with our delivery plans, ensuring a smooth path toward our IPO without any unnecessary delays.
This Shortfall Offer represents a fantastic opportunity to support H2X Global as we approach our inflection point.
IPO Venue
Your board and I have selected the AIM market of the London Stock Exchange (LSE) for H2X’s IPO. The LSE has already reserved the ticker “H2X” for our listing. While H2X is proudly an Australian automotive company, Europe and Scandinavia currently present the largest opportunities for our hydrogen vehicle market.
That said, H2X remains committed to returning vehicle manufacturing to Australia as the local hydrogen market continues to mature. The release of Australia’s 2024 National Hydrogen Strategy, led by the Hon Chris Bowen MP, outlines a bold vision for the nation to become a global leader in hydrogen, particularly in reducing transport emissions. We are optimistic that this will create the right conditions for H2X to reintegrate Australia into our vehicle production plans soon.
Subject to funding and market conditions, we have set a target to complete our IPO within the next 6 to 12 months, Swiftly securing the necessary funding to cover the initial IPO costs is important. Support from the shortfall offering, along with other funding efforts, is essential to keep us on track.
This IPO represents a significant step forward for H2X, providing us with greater visibility on the global stage, access to new capital, and the ability to accelerate the delivery of our hydrogen-powered solutions.
Closing Remarks
In closing, H2X is well-positioned for the next phase of its growth, we are more equipped than ever to navigate this crucial stage. Our Londin Stock Exchange AIM IPO and the rights issue shortfall are key components of our strategy, which will support the completion of our Renova order and cover the initial IPO costs.
For those who have not yet participated in the Shortfall Offer, I encourage you to take advantage of this opportunity soon.
Thank you once again for your trust and support of H2X.