...........6 Jan 2022 16:15
Hydrogen Utopia will use the cash raised from its IPO for the costs of building a HUI facility and to pay Powerhouse for the technology license.
Hydrogen Utopia had paid Powerhouse a EUR125,000 deposit, with another EUR325,000 due at the end of 2021. A further EUR300,000 is due in a year's time, and Powerhouse also will receive ongoing royalties and license fees.