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HQ Sustainable Raises $10.4 million Through Shares

SEATTLE - HQ Sustainable Maritime Industries has announced that it has completed the sale of 1,225,000 shares of common stock at $8.50 per share pursuant to the Company's existing shelf registration statement.

The company raised $10.4 million in gross proceeds, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company, which the Company expects to use for general corporate purposes, including investments in long-term assets to complete its integration objectives.

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