DynaCERT Funding Round
DynaCERT Closes $5 Million Private Placement to Fund Global HydraGEN™ Technology Sales
dynaCERT Inc. (TSX: DYA) has closed a $5 million non-brokered private placement, giving the Canadian hydrogen technology company fresh capital to push its HydraGEN™ products into global industrial markets. The deal, confirmed on June 24, 2026, involved five investors who each committed $1 million — no investment bank needed. Financial Post reported the closing of the offering of convertible unsecured units.
The funds will go toward selling HydraGEN™ units to clients in mining, oil and gas, transportation, construction, port handling, and stationary power generation. The raise is one of the largest single-tranche non-brokered closings dynaCERT has done in the past two years, according to Calgary Sun.
How the Five Convertible Units Actually Work
Each of the five Convertible Units is structured as a $1 million unsecured note. The notes carry a 6% annual interest rate. Investors can convert their notes into common shares — up to 6,666,667 shares per unit, or roughly 33.3 million shares in total if all five are converted, according to Cold Lake Sun.
Each unit also includes 3,333,333 share purchase warrants. Warrants give investors the right to buy more shares at a set price later. All warrants are locked up for four months plus one day. That hold period expires on October 25, 2026, per Brantford Expositor.
Why dynaCERT Skipped the Investment Banks
By going "non-brokered," dynaCERT avoided paying the standard 6–8% commission to investment banks. On a $5 million raise, that saves $300,000 to $400,000. The company instead dealt directly with five investors — reportedly a mix of European green-tech funds and long-term high-net-worth backers, according to Chatham Daily News.
The offering was conducted under Canada's accredited investor exemption rules. Analysts at Fundamental Research Corp noted that a 6% coupon on unsecured notes is "significantly lower than current mezzanine debt" for micro-cap tech companies — a sign the lenders have strong confidence in the company's direction, per Woodstock Sentinel Review.
HydraGEN™ Technology Gets a Commercial Boost
HydraGEN™ is a portable electrolysis system. It splits water into hydrogen and oxygen on demand and injects the gases into a diesel engine's air intake. The result: better fuel efficiency and lower carbon emissions. dynaCERT has spent over a decade developing and certifying the technology, per Northern News.
The $5 million is expected to fund production of roughly 400–600 HydraGEN™ units. Industrial clients in mining and construction have shifted toward "performance-based" installs — meaning they pay for the equipment through fuel savings over time. This raise gives dynaCERT the working capital to finance those deals upfront, according to The Whig.
Dilution Risk and the October Deadline to Watch
Not everyone is cheering. If all five notes convert into shares, the total of 33.3 million new shares could dilute existing shareholders by roughly 5–8%. Retail investors on stock forums have flagged the concern. The 16.6 million warrants add a second layer of potential dilution if the stock price rises above the warrant exercise price, per Edmonton Examiner.
The key date is October 25, 2026, when the hold period on warrants expires. If the stock holds its current trajectory by then, converting the notes would remove debt from the balance sheet and replace it with equity — which the company frames as a win. Contrarians warn that $5 million may only provide 12–18 months of runway if mining sales cycles stay slow, according to Fort Saskatchewan Record.
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