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Sichenzia Ross Ference LLP Represents SunHydrogen in $10.0 Million Registered Direct Offering

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Press Release – New York, New York – March 2, 2021 – Sichenzia Ross Ference LLP announced today that it represented SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, in a registered direct offering with a single institutional investor to purchase 95,238,096 shares of its common stock and warrants to purchase an aggregate of up to 71,428,572 shares of common stock. The combined purchase price for one share of common stock and a warrant to purchase 0.75 of a share of common stock is $0.105. The warrants have an exercise price of $0.12 per share, will be immediately exercisable and will expire five years from the issue date. The gross proceeds from the offering were $10,000,000. 

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The securities described above are being offered pursuant to a “shelf” registration statement (File No. 333-252523) filed with the Securities and Exchange Commission (SEC) on January 28, 2021 and declared effective on February 3, 2021.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Jeffrey Cahlon, and Huan Lou and associate Matthew Siracusa.

Sichenzia Ross Ference Carmel LLP