Hypercharge Networks Corp., a smart electric vehicle (EV) charging solutions provider and network operator, will provide six Level 2 charging stations and one DC fast charger to Capilano Volkswagen in North Vancouver, British Columbia.
Capilano Volkswagen, a family-owned business serving British Columbia’s North Shore for over 50 years, offers a wide range of new and pre-owned Volkswagen vehicles, along with comprehensive service and maintenance solutions tailored to meet the needs of its clients.
Hypercharge will be replacing the existing non-operational charging stations from a different EV charging network at Capilano Volkswagen, ensuring the dealership can continue to meet its needs with reliable solutions. To support the dealership during this transition and to ensure the continued selling of electric vehicles without disruption, Hypercharge has provided access to charging stations at its Head Office in North Vancouver until the new installation is complete.
The company is also announcing its intention to re-price existing share purchase warrants to bring them into line with the company’s current trading price. 2,380,947 Warrants were issued on May 17, 2023, at an exercise price of $1.35 and are proposed to be repriced to $0.12, subject to TSX Venture and warrant holder approval.
In addition, per TSX Venture policy, a forced exercise clause is intended to be added to the terms of each Warrant.