Hydrograph Clean Power Inc. Secures Final Court Approval for Redomicile Transactions
On 12 November 2026, Hydrograph Clean Power Inc. (CSE: HG, OTCQB: HGRAF) announced that the Supreme Court of British Columbia had issued a final order approving the company’s plan of arrangement under the Business Corporations Act (British Columbia). The ruling marks the culmination of the Redomicile Transactions, a corporate restructuring designed to align Hydrograph’s legal domicile with its expanding U.S. operations and long‑term strategic objectives.
The Redomicile Plan in Context
Hydrograph, a Canadian firm headquartered in the province of British Columbia, specializes in the development and operation of hydropower projects. With a market capitalisation of 1.77 billion CAD and a share price of 4.80 CAD on the day of the announcement, the company has been trading within a 52‑week range of 2.18 CAD to 11.34 CAD. Despite a strong focus on sustainable energy generation, Hydrograph’s earnings ratio stands at –37.17, underscoring the company’s investment‑heavy phase and the ongoing build‑out of its project pipeline.
The redomicile strategy, approved by Hydrograph shareholders at a special meeting on 29 October 2026, will result in the company becoming indirectly owned by HydroGraph Inc., a Delaware corporation. Shareholders will receive one share of HydroGraph Inc. common stock for each HydroGraph common share they hold immediately prior to completion of the transaction. Alternatively, eligible shareholders may elect to receive exchangeable shares of HydroGraph ExchangeCo Ltd., subject to the election deadline set for 5:00 p.m. (Vancouver time) on 15 November 2026.
Key Points of the Final Court Order
| Item | Detail |
|---|---|
| Authority | Supreme Court of British Columbia |
| Date of Order | 10 November 2026 |
| Approval Scope | Plan of arrangement under the Business Corporations Act (British Columbia) |
| Effect | Completion of the Redomicile Transactions and alignment of Hydrograph’s corporate structure with its U.S. operations |
| Shareholder Outcome | Receipt of either HydroGraph Inc. common stock or exchangeable shares of HydroGraph ExchangeCo Ltd. depending on election |
| Next Steps | Hydrograph will execute remaining steps to implement the transaction, with ongoing communication from Hydrograph and Apollo Nora Advisors Ltd. |
The court order confirms that the Redomicile Transactions meet all statutory requirements and have been approved by Hydrograph securityholders. Hydrograph’s President and Chief Executive Officer, Kjirstin Breure, emphasized that the company remains focused on completing the remaining steps required to implement the redomicile and to align its corporate structure with its growing U.S. footprint.
Investor and Shareholder Guidance
Shareholders who hold Hydrograph common shares through intermediaries (brokers, banks, or other custodians) are advised to contact their intermediary immediately, as some intermediaries may impose internal deadlines earlier than the election deadline. Those who do not submit a valid election will receive common stock of HydroGraph Inc. by default.
Questions regarding the election process can be directed to Apollo Nora Advisors Ltd. via toll‑free numbers (1‑888‑610‑4478 or 647‑407‑5667) or by email at info@apollo‑advisors.ca.
Hydrograph urges all securityholders to review the management information circular dated 16 September 2026 (available on SEDAR+ and on the company’s website) for detailed information about the Redomicile Transactions and related matters.
Outlook
With the final court approval secured, Hydrograph Clean Power Inc. is positioned to streamline its corporate governance, enhance access to U.S. capital markets, and accelerate the development of its hydropower portfolio. The company’s commitment to clean and renewable power generation remains unchanged, and the redomicile is expected to support its long‑term strategic objectives while providing shareholders with a clear path to conversion or exchange of their holdings.
