ORCA
4日前
LOOKS LIKE A R/S. The Company intends to take all necessary steps to regain compliance, including effecting a reverse share split, if necessary, to regain compliance.
Fusion Fuel to Transfer Equity Listing to The Nasdaq Capital Market; Receives Extension to Comply with Bid Price Rule
January 31, 2025 09:00 ET
| Source: Fusion Fuel Green plc
Share
DUBLIN, Jan. 31, 2025 (GLOBE NEWSWIRE) -- via IBN -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of comprehensive energy engineering, advisory, and supply solutions, today announced that it was notified by the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Staff has approved the Company’s application to transfer its Class A Ordinary Shares and publicly-traded warrants to The Nasdaq Capital Market from The Nasdaq Global Market. This transfer will take effect at the opening of business on February 3, 2025.
In connection with the transfer, the Staff determined that the Company will be eligible for an additional 180 calendar day period, or until July 28, 2025, to regain compliance with the Nasdaq minimum $1.00 bid price per share requirement (the “Minimum Bid Price Requirement”). The Company intends to take all necessary steps to regain compliance, including effecting a reverse share split, if necessary, to regain compliance. If at any time during this additional time period the closing bid price of the Class A Ordinary Shares is at least $1.00 per share for a minimum of ten consecutive business days, the Staff will provide written confirmation of compliance for continued listing on The Nasdaq Capital Market.
As previously reported in a Report on Form 6-K furnished to the Securities and Exchange Commission on January 13, 2025, on January 10, 2025, the Company received a letter from the Staff notifying it that since the Company has not yet held an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year ended December 31, 2023, it no longer complies with Nasdaq Listing Rule 5620(a) (the “Annual Meeting Requirement”). There can be no assurance that Fusion Fuel will be able to regain compliance with the Minimum Bid Price Requirement, whether by implementing a reverse share split or otherwise, that the Company will be able to regain compliance with the Annual Meeting Requirement, or that the Company will be able to meet the Nasdaq listing requirements in general.
Fusion Fuel does not anticipate a material impact on its equity trading as a result of the transfer of listing. The Nasdaq Capital Market operates in the same manner as The Nasdaq Global Market and is a continuous trading market that lists companies that must meet certain financial and corporate governance requirements. Fusion Fuel’s securities will continue to trade under the symbols “HTOO” and “HTOOW.”
“We are pleased to receive Nasdaq’s approval to transfer our listing to The Nasdaq Capital Market, along with the additional time to regain compliance with the Minimum Bid Price Requirement,” said JP Backwell, CEO of Fusion Fuel. “This determination provides us with both the flexibility and the confidence to continue executing on our strategic initiatives with a renewed focus on building our business. We remain committed to delivering value to our shareholders and further establishing Fusion Fuel as a leading provider of full-service energy engineering and advisory solutions.”
Trooperstocks
4日前
$HTOO NEWS: Fusion Fuel to Transfer Equity Listing to The Nasdaq Capital Market; Receives Extension to Comply with Bid Price Rule
Fusion Fuel Green plc
Fri, January 31, 2025 at 9:00 AM EST
In This Article:
HTOO - HTOOW
Fusion Fuel Green plc
DUBLIN, Jan. 31, 2025 (GLOBE NEWSWIRE) -- via IBN -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of comprehensive energy engineering, advisory, and supply solutions, today announced that it was notified by the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Staff has approved the Company’s application to transfer its Class A Ordinary Shares and publicly-traded warrants to The Nasdaq Capital Market from The Nasdaq Global Market. This transfer will take effect at the opening of business on February 3, 2025.
In connection with the transfer, the Staff determined that the Company will be eligible for an additional 180 calendar day period, or until July 28, 2025, to regain compliance with the Nasdaq minimum $1.00 bid price per share requirement (the “Minimum Bid Price Requirement”). The Company intends to take all necessary steps to regain compliance, including effecting a reverse share split, if necessary, to regain compliance. If at any time during this additional time period the closing bid price of the Class A Ordinary Shares is at least $1.00 per share for a minimum of ten consecutive business days, the Staff will provide written confirmation of compliance for continued listing on The Nasdaq Capital Market.
As previously reported in a Report on Form 6-K furnished to the Securities and Exchange Commission on January 13, 2025, on January 10, 2025, the Company received a letter from the Staff notifying it that since the Company has not yet held an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year ended December 31, 2023, it no longer complies with Nasdaq Listing Rule 5620(a) (the “Annual Meeting Requirement”). There can be no assurance that Fusion Fuel will be able to regain compliance with the Minimum Bid Price Requirement, whether by implementing a reverse share split or otherwise, that the Company will be able to regain compliance with the Annual Meeting Requirement, or that the Company will be able to meet the Nasdaq listing requirements in general.
Fusion Fuel does not anticipate a material impact on its equity trading as a result of the transfer of listing. The Nasdaq Capital Market operates in the same manner as The Nasdaq Global Market and is a continuous trading market that lists companies that must meet certain financial and corporate governance requirements. Fusion Fuel’s securities will continue to trade under the symbols “HTOO” and “HTOOW.”
“We are pleased to receive Nasdaq’s approval to transfer our listing to The Nasdaq Capital Market, along with the additional time to regain compliance with the Minimum Bid Price Requirement,” said JP Backwell, CEO of Fusion Fuel. “This determination provides us with both the flexibility and the confidence to continue executing on our strategic initiatives with a renewed focus on building our business. We remain committed to delivering value to our shareholders and further establishing Fusion Fuel as a leading provider of full-service energy engineering and advisory solutions.”
About Fusion Fuel Green plc
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.
Investor Relations Contact
ir@fusion-fuel.eu
Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
Trooperstocks
6日前
NEWS: Fusion Fuel Announces Leadership Transition
Fusion Fuel Green plc
Wed, January 29, 2025 at 9:00 AM EST
In This Article:
HTOO
+1.37%
HTOOW
+2.63%
Fusion Fuel Green plc
Fusion Fuel Green plc
DUBLIN, Jan. 29, 2025 (GLOBE NEWSWIRE) -- via IBN -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of comprehensive energy engineering, advisory and supply solutions, today announced the resignation of Gavin Jones as Chief Financial Officer and the appointment of Frederico Figueira de Chaves as Interim Chief Financial Officer, effective January 24, 2025. Mr. Jones has opted to pursue a new opportunity; however, he will continue to serve as Company Secretary and has pledged his support to ensure a seamless transition.
The Company’s Board of Directors is pleased to announce the appointment of Frederico Figueira de Chaves as interim Chief Financial Officer. Mr. Figueira de Chaves previously held the position of Chief Financial Officer at Fusion Fuel from 2020 to 2023, where he was instrumental in shaping the Company's financial strategy and operational framework. Mr. Figueira de Chaves is currently serving as the Company’s Chief Strategy Officer and Head of Hydrogen Solutions and will assume this additional role while maintaining his existing responsibilities, leveraging his extensive financial and strategic expertise, while supported by an experienced in-house finance team.
“On behalf of the Board of Directors, I would like to extend our heartfelt appreciation to Gavin for his outstanding service to Fusion Fuel since joining the Company in 2021,” stated Jeffrey Schwarz, Chairman of the Board of Fusion Fuel. “His steady leadership has been pivotal in establishing a strong foundation for the Company’s growth. We are grateful for his commitment to excellence and professionalism, and we wish him every success as he embarks on this exciting new chapter in his career.”
Reflecting on his tenure, Mr. Jones commented: “This is a bittersweet moment for me. Over the past four years, I have had the privilege of collaborating with an exceptional team to navigate the various challenges and opportunities that have shaped Fusion Fuel’s journey. These years have been immensely rewarding, and I will carry these experiences with me throughout my career. I extend my gratitude to the Board of Directors, my colleagues, and the entire finance team for their trust and support. I firmly believe that Fusion Fuel is well-positioned for continued success, and I look forward to its continued progress.”
The appointment of Mr. Figueira de Chaves as Interim CFO comes at a crucial juncture for Fusion Fuel as the Company advances its strategic priorities. His profound understanding of the hydrogen ecosystem, coupled with a proven track record in financial stewardship and strategic planning, positions him uniquely to guide the Company through its next phase of growth. With a sharpened focus on expanding its hydrogen solutions and gas services businesses, Fusion Fuel is strategically poised to reinforce its status as a leader in integrated energy solutions.
About Fusion Fuel Green plc
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.
Investor Relations Contact
ir@fusion-fuel.eu
Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
mick
2週前
warrant @ $11.50 per share
FUSION FUEL GREEN PLC
10,402,636 CLASS A ORDINARY SHARES (for issuance)
10,759,133 CLASS A ORDINARY SHARES (for resale)
4,372,892 WARRANTS (for resale)
This prospectus relates to the following securities of Fusion Fuel Green plc, a public limited company incorporated in Ireland (“Parent” or “we,” “us,” “our” or similar terms): (a) the issuance by Parent of (i) an aggregate of 6,640,636 Class A ordinary shares of Parent (“Class A Ordinary Shares”) issuable upon the exercise of warrants of Parent (“Warrants”), each Warrant exercisable for one Class A Ordinary Share at an initial exercise price of $11.50 per share, which Warrants were automatically adjusted pursuant to the terms of then-outstanding HL warrants (“Old HL Warrants”) upon the consummation of the business combination among Parent, HL Acquisitions Corp., and Fusion Welcome – Fuel, S.A. pursuant to the terms of the amended and restated business combination agreement dated as of August 25, 2020 (“Business Combination Agreement”) and (ii) 3,762,000 Class A Ordinary Shares issuable upon the exercise of Warrants issued by Parent in private placements which Warrants are registered for resale hereunder, to the extent that such Warrants are transferred prior to their exercise (which we refer to herein as the “Transferred Warrants”), and (b) the resale by the selling securityholders named herein of an aggregate of up to 4,372,892 Warrants (including up to 1,137,000 Warrants issuable upon the satisfaction of the earnout conditions set forth in the Business Combination Agreement) and an aggregate of up to 10,759,133 Class A Ordinary Shares (including 40,000 Class A Ordinary Shares issuable to our non-employee directors pursuant to director appointment agreements, up to 4,372,892 Class A Ordinary Shares issuable upon the exercise of Warrants (including up to 1,137,000 Warrants issuable upon the satisfaction of the earnout conditions set forth in the Business Combination Agreement), 2,125,000 Class A Ordinary Shares issuable upon the conversion of Class B Ordinary Shares, and up to 1,137,000 Class A Ordinary Shares issuable upon the satisfaction of earnout conditions set forth in the Business Combination Agreement).
We are registering the offer and sale by the selling securityholders named herein of the Class A Ordinary Shares and Warrants to satisfy certain registration rights we have granted in favor of such selling securityholders. The selling securityholders may offer all or part of the shares for resale from time to time through public or private transactions, at either prevailing market prices or at privately negotiated prices. See the section of this prospectus titled “Plan of Distribution” for more information. We will not receive any proceeds from the sale or other disposition of our Ordinary Shares or Warrants by the selling securityholders. We will, however, receive up to $119,630,314 if all of the 10,402,636 Warrants which will be outstanding after the completion of this offering (assuming we issue all 1,137,000 Warrants which may be issued to the former Fusion Fuel Shareholders upon the satisfaction of certain earnout conditions) are exercised for cash at an exercise price of $11.50 per share, whether cash exercised by the selling securityholders or by public holders after the resale of the Warrants hereunder. We expect to use the proceeds received from the cash exercise of the Warrants, if any, for working capital and other general corporate purposes. See the section of this prospectus titled “Use of Proceeds”.
Our Class A Ordinary Shares and Warrants are listed on the Nasdaq Global Market under the symbols “HTOO” and “HTOOW,” respectively.
Investing in our securities involves risks. See the section of this prospectus titled “Risk Factors”.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities described herein or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus is February 8, 2021.
Trooperstocks
2週前
NEWS: Fusion Fuel Provides Update on Gas Business, Announces Key Developments in Middle East Operations
January 24, 2025 09:00 ET | Source: Fusion Fuel Green plc
DUBLIN, Jan. 24, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering and advisory solutions, is pleased to announce several significant developments in its Al Shola Gas (“Al Shola”) subsidiary, which continues to serve as a core driver of growth and profitability for the Company.
Between November 2024 and January 2025, Al Shola secured new orders and renewals valued at approximately USD $3.5 million. These include the renewal of an exclusive LPG supply contract in the residential sector and multiple supply and installation projects across diverse customer segments, such as manufacturing, hospitality, and construction.
Commenting on the commercial progress, JP Backwell, CEO of Fusion Fuel, said: "Our gas business continues to generate meaningful cash flows in its core markets in the Middle East, representing a strong and profitable foundation for Fusion Fuel. The recent orders and renewals underscore the trust our customers place in us and our ability to deliver both fuel and value-added solutions safely and reliably. Looking ahead, we see tremendous potential for growth with additional investment in our infrastructure, particularly to expand our bulk LPG supply capabilities. We are excited about the opportunity to broaden our geographical reach, expand our service offerings, and increase our capacity, which we believe will unlock new revenue streams and enable us to meet the growing demand from our customers, both in the Middle East and beyond. With our Al Shola Gas and BrightHy operating businesses, Fusion Fuel is well-positioned to drive sustainable growth and create long-term value for our shareholders by delivering innovative energy solutions across the full energy value chain."
About Fusion Fuel Green plc
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.
Investor Relations Contact
ir@fusion-fuel.eu
Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
Trooperstocks
3週前
$HTOO NEWS: Fusion Fuel Demonstrates Strengthened Equity Position
Fusion Fuel Green plc
Thu, January 16, 2025 at 9:00 AM EST
In This Article:
HTOO, HTOOW
Fusion Fuel Green plc
DUBLIN, Jan. 16, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering and advisory solutions, today announced that the Company’s pro forma stockholders’ equity as of January 10, 2025, is approximately $12.0 million. This pro forma amount reflects the impact of several recently completed transactions, including the acquisition of Quality Industrial Corp. in November 2024, and, on January 10, 2025, the concurrent private placement of $1.28 million in senior convertible notes and entry into a $25 million equity line of credit.
As a result, the Company has undertaken a number of transactions to achieve and demonstrate long-term compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders’ equity of $2.5 million for continued listing on The Nasdaq Capital Market tier of Nasdaq.
The Company’s pro forma balance sheet as of January 10, 2025 reflecting these transactions was attached as an exhibit to a Report on Form 6-K that was furnished to the Securities and Exchange Commission on January 13, 2025, and is available on the SEC’s website at https://www.sec.gov/ and in the Investor Relations section of the Company’s website at https://fusion-fuel.eu/.
About Fusion Fuel Green plc
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.
Investor Relations Contact
ir@fusion-fuel.eu
Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
Trooperstocks
3週前
NEWS: Fusion Fuel Closes on $1.28 Million Senior Convertible Notes and $25 Million Equity Line of Credit
Fusion Fuel Green plc
Mon, January 13, 2025 at 7:00 AM EST 4 min read
In This Article:
HTOO
+12.16%
Fusion Fuel Green plc
DUBLIN, Jan. 13, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering and advisory solutions, announced that it has closed a $1.28 million senior convertible notes private placement with certain institutional investors. In addition to the convertible notes, Fusion Fuel has also entered into an agreement with an institutional investor for a $25 million equity line of credit, which, upon the satisfaction of certain conditions, will provide the Company with access to additional capital to support its operational and strategic growth initiatives.
The senior convertible notes, issued at a 20% original issue discount, mature in July 2026 and carry an 8% annual interest rate. The Company also issued warrants to the noteholders, providing 100% equity coverage.
The equity line of credit agreement will enable Fusion Fuel to sell up to $25 million in newly issued Class A ordinary shares to the investor at the Company’s discretion, subject to satisfaction of certain conditions, including the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission (the “SEC”), market conditions, and certain regulatory requirements.
John-Paul Backwell, Chief Executive Officer of Fusion Fuel, commented: “This infusion of capital marks a crucial first step for Fusion Fuel, strengthening our near-term liquidity and providing the runway needed to advance several key initiatives. In particular, the equity line of credit gives us the flexibility to scale further and expand the offerings of our profitable Al Shola Gas business while laying a strong foundation for launching our BrightHy solutions platform. These investments are critical to positioning Fusion Fuel as a leader in the energy services sector and driving long-term value creation for our stakeholders.”
The proceeds from the senior convertible notes and equity line of credit are expected to strengthen the Company’s balance sheet, provide working capital, and support key strategic and growth initiatives across its core markets.
Additional information regarding the terms of the senior convertible notes, the related warrants, and the equity line of credit can be found in the Company’s reports on Form 6-K furnished to the SEC on January 13, 2025.
About Fusion Fuel Green plc
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited to the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.
Investor Relations Contact
ir@fusion-fuel.eu
Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
NinjaVolcano44
2月前
I know you are just going to ignore everything and will just insult me or call me basher. But I'll write this anyway, for whoever is actually interested.
First, stop lying. When someone lies clearly and knowingly, it is obvious that their intentions are not honest. I came here recently? I first commented on this board on 16/02/2024 (post 335), way before you, who first commented 2 DAYS AGO (14/12/2024). I would guess that you just bought HTOO last week after the big jump to 0.70+... right? When I wrote here back in February, I was more positive about this stock (which had owned for over 2 years), but if things get cloudy, then there is no point in pretending they are not, unless you are trying to manipulate others.
You keep replying to my comments, but not saying absolutely anything. For third or forth time:
- Any comments about the issuing of almost 50 million new shares to a total of over 64 million (a few weeks ago, HTOO had only 17 million shares), and one entity/company owning all these new shares (owning 70% of HTOO after a dilution of 4 to 1)? (https://ir.fusion-fuel.eu/node/8491/html, uunder "Stock Purchase Agreement")
- Any comments about HTOO having just over 5 million dollars in equity (they had 3 million in their last report). They only got 2 million dollar in equity even after issuing 50 million new shares? (https://ir.fusion-fuel.eu/static-files/b752a3b6-1f32-4b47-9c39-8a8bd539756d) last paragraph of Slide 9
- Any comments about HTOO reporting 3 million equity in Q1, even though they raised over 6 million dollars in February by issuing another 2 million new shares? (https://ir.fusion-fuel.eu/node/8246/html#exh_991.htm) under "Financial Update"
- Any comments about the filing for insolvency in their main subsidiary (Portugual)? (https://ir.fusion-fuel.eu/news-releases/news-release-details/fusion-fuel-issues-damages-claim-against-hydrogenial-sa-failure)
I know you are going to ignore all these questions out of convenience, and that you will go straight to call me a liar or some BS like that (even though I'm copying link for everything I mention)... but hey, I'm making one last attempt to obtain some actual information from someone who keeps trying to PUMP this... Anything that you reply will be good.
-If you actually give some useful information, then we will all win.
-If you reply crap and word salad (as chumfm said) for a 5th or 6th time, then at least everybody else will confirm again your intentions to manipulate and pump this.
In the meantime this keeps going down. Hopefully I'm wrong about this, but there are too many red flags that HTOO keep avoiding to address. They didn't even do a Q&A this year (wonder why...).
Good luck to all.
NinjaVolcano44
2月前
Wow, so you did indeed respond with nothing again apart from "Fusion and this acquisition have Synergy!! I know a lot about Fusion, I guarantee!!".
I think it's clear it is not your intention here anyway, but there is no point to read/write on a board about a company if you only want to read nice things about it, even if they are not true or are just made up. I am just trying to actually "discuss" about the company and their current situation, but I guess you have nothing to say about it, so you just keep repeating "Fusion is good, because Hydrogen is gooood!". Anyway, I'm just highlighting some "red flags" that Fusion seem to be hiding or avoiding to address (all with link to their source from Fusion themselves) that are quite clear and that anybody who can read a few lines can see. If you can't address any of them either, then no point in replying.
Anyway, for anybody else, be careful with you investments and good luck to all.
leverage102
2月前
Those were your points; your opinion on numbers*. On another Post of yours, you stated you are still confused what the company does; so it's your opinion.
Again, I don't know much about all these issues and finance and blabla, so I might be (probably am) wrong, so I would love some thoughts here. I'm not trying to deramp anything here, but just trying to understand all this. And I DO NOT OWN the stock rightnow, although I have held it until very recently and for a very long time, so I'm still just curious about it. I have set a small buy order under 0.1 dollar/share (for "gambling")."
You are missing the synergies with the latest acquisition. There will be many more acquisition to sustain said Growth.,
I can Guarantee I know more about Fusion on a scalable level than you.,. It's already in fruition with other companies, JV's and so. HTOO is setting itself up for exponential growth. I'm not giving advice, I'm stating what I know.
NO ONE TAKE MY WORD. CONDUCT YOUR OWN DUE DILIGENCE, MAKE YOUR OWN MIND UP. OR SPEAK TO A PROFESSIONAL ADVISOR!!
NinjaVolcano44
2月前
OMG, again, you have said absolutely anything. I have literally numbered a few issues, and copied the link to the source. You, as predicted, did say NOTHING AT ALL about Fusion or their situation, but just repeated "Hydrogen is the Future!! And you know nothing, John Snow!!".
I agree about Hydrogen been the future, that's why I started following this company YEARS AGO. But Hydrogen been the future, and Fusion being successful are two very different things. It could happen, but there are no signs or clues to think it would be like that, at least at the moment.
By now, I know it's a waste of time to try to ask you to actually say anything other than completely empty and generic words, as you seem more and more like a bot... But please, again, RESONDE TO AT LEAST ONE OF THE 7 POINTS THAT I HIGHLIGHTED (except 3rd one, which I can already imagine your answer... "uh uh, ILUS is good! QIND and MAK are beautiful, cash flow, hydrogen to electricity!").
If you reply for a 4th time just to talk rubbish and to repeat random statements like "Hydrogen is good!" or "You don't know the technology, Hydrogen to electricity!", you will be confirming what it's already obvious by now, and this is that you are either a bot, a bagholder who can't take a loss or maybe even an insider of the company.
NinjaVolcano44
2月前
With all due respects, I was hoping for some proper reply, and not one from someone who clearly wants to pump the stock like a bot. First of all, don't lie. They ARE NOT COMPLIANT with Nasdaq requirements. They say they have 5 million in equity, and that's why they are asking to be transferred to Nasdaq Capital Market, where requirement is just 2.5million. "HTOO management submitted a plan to regain compliance, including a request to transfer its listing to The Nasdaq Capital Market"
Again, I don't own the stock right now, so I don't care if it goes up or down. I'm trying to talk about this from a "neutral" point of view, without any special intention to ramp or deramp it, unlike what it seems you are doing by attacking me because you probably don't like that I am asking. You could have answered to any of the questions/doubts that I mentioned, but instead of that, you just came to call me a liar and to not answer anything. Again, unlike you, I have literally said and linked all the reports where I have got all the details I mentioned.
You have actually not reply to one single question or issue that I mentioned. Literally none. Cero. Just came to attack me because you don't like what I'm asking/saying.
1. Stock soon to be diluted from 17 million to 65 million outstanding shares (1 to 4 dilution)
2. No cash/equity involved in in exchange for this newly issued 40+ million shares (at least they haven't said anything about this). The only vague information is what I mentioned before from : "Based on the above unaudited pro-forma financials, HTOO believes that the stockholders’ equity exceeds the $5 million stockholders’ equitythreshold for transferring its shares to The Nasdaq Capital Market ", from which we could guess maybe around 2 million dollars somewhere/somewhen.
3. Several small companies involved with hardly any track or any information about them (MAK, BrightHy, HTOO, QIND, ILUS, etc)
4. Fusion has been announcing several new projects in every single Quaterly Earnings Call for the last 3 years, but only a ridicule 100Kw and another 300Kw project went ahead.
I add more (that I mentioned in previous posts)
5. In February, Fusion issued 2 million new shares for 3dollar/share, and raised 6 million dollars. This 6 million dollar were NEVER REFLECTED ANYWHERE in their next earnings calls. Not in equity, cash, revenue, nowhere... Those 6 million dollars raised just banished.
(https://ir.fusion-fuel.eu/news-releases/news-release-details/fusion-fuel-green-hosts-fourth-quarter-2023-investor-update)
6. What is happening with the insolvency file? Fusion filed for INSOLVENCY a while ago for their business in PORTUGAL!!! THEIR MAIN BUSINESS. No updates.
7. No mention of HEVO at any point in their presentation. I assume they are throwing away that tech... which was literally their only business, after they dumped Hevo Solar one year ago.
7. Fusion said they would be profitable and would break even by mid 2025 about a year ago, and also that they would have 34 million dollar earnings in 2024. And this numbers had already being reduced over and over in every Quaterly Call. Now we have no earnings in 2024, and they just said they expect profits for 2026.
Any thoughts about any of these points? I would have asked them about his in this earnings call Q&A... but Oh! How convenient, they haven't done anything Live like they used to do, so no chances of asking anything.
And PLEASE, don't reply if you are actually not going to say absolutely anything. If your thesis is "it will go up up up, because I want it to go up up up, and all is good and nice!", save your time. I really want some information and some discussion here, not just some hopes and wishes.
Again, if you are going to reply, please say something or give some information, and not only empty sentences like "Ey, Hydrogen is the Future, so BUY HTOO!" or "Don't post if you don't know the technology!" or "They are doing great things, like Strategic Synergies" (??). I mean it. PLEASE, ANSWER TO ALL THOSE BULLET POINTS with all your knowledge. PLEASE, prove me wrong. That's why I'm posting for.
Good luck to all
NinjaVolcano44
2月前
Regarding my comment from last night, just a correction with the new info from the presentation: I calculated everything counting with 63 million shares after all dilutions and issuing of new shares... but from the Slide 10 of the power point, I see that there will be actually around 65 million, which means even more dilution than expected.
The "adquisition" of QIND already happened, but the issuing and conversion of those over 42 million new shares will happen sometime soon, and these "new owners" will just own 70% of Fusion Fuel just because, without any apparent cash involved.
Also... BrightHy??? Where does this new company come from? What is this? Again another mysterious company with very little information in the game?
MAK, Ilustrato, BrightHy, Quality Industrial, Al Shola, Fusion Fuel...
I see some slides talking mentioning so many "projects", but not many things in actual development... It remind me to the million amazing projects that Fusion Fuel has been announcing in every single Earnings Call for the last 3 years which none got to be actually executed.
Again, I don't know much about all these issues and finance and blabla, so I might be (probably am) wrong, so I would love some thoughts here. I'm not trying to deramp anything here, but just trying to understand all this. And I DO NOT OWN the stock rightnow, although I have held it until very recently and for a very long time, so I'm still just curious about it. I have set a small buy order under 0.1 dollar/share (for "gambling").
Do your own research and good luck to all
Link for PDF presentation:
https://ir.fusion-fuel.eu/static-files/b752a3b6-1f32-4b47-9c39-8a8bd539756d
Link for Video presentation:
https://fusion-fuel.izigo.pt/
NinjaVolcano44
2月前
The numbers I had in mind after all the issuing shares, dilutions and convertible shares (4.1 million convertible to 41 million shares) are actually similar to those from chumfm. After the convertible are executed, Fusion will have around 63 million outstanding shares (current 18 million + 4 million + 41 million [4.1 million convertible 10 to 1]). After all that dilution of 3.5 to 1, Quality Industrial (the company Fusion supposedly just bought) will own over 70% of the company (and we don't even know if Fusion or current shareholders get any cash in return). From that 3.5 dilution, considering the 0.33ish share price from last week before the HUGE bump, it gets me to 0.1 cents share price too.
I haven't done any intensive research about the other companies, as the information is "weirdly" scarce, but the most I could find of value is some Al Shola Gas company which is recently owned by Quality which now is sort of owned by Fusion. I found that got some good earnings in 2023 (1.8million dollars).
On top of all that... Just after Nasdaq informed Fusion they had to delist (now appealed), they FILED for insolvency for their subsidiary in Portugal... What happened about that? Nothing was mentioned after.
This is just a personal opinion, so be careful. And also, even if I was right, I could see some big jump before that.
Good luck to all.
Edit: numbers of current and new issued shares, and the filing for insolvency are from the 6k File uploaded to the Fusion website on the 20thNov. https://ir.fusion-fuel.eu/financials-filings/sec-filings
WeTheMarket
2月前
Fusion Fuel to Release an Investor Update Presentation on December 12, 2024
Dec 04, 2024
https://ir.fusion-fuel.eu/news-releases/news-release-details/fusion-fuel-release-investor-update-presentation-december-12
DUBLIN, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (NASDAQ: HTOO), a leading provider of energy and utility solutions, today announced it will host an Investor Update Presentation on Thursday, December 12, 2024, to discuss its recently announced transaction, introduce its group businesses, and share strategic plans and targets for the future.
Presentation Agenda:
The Investor Update will cover the following topics:
- Fusion Fuel Overview: Highlights of the business, recent developments, details of the QIND transaction, group targets, and NASDAQ compliance.
- Al Shola Gas Business Update: Overview of Al Shola’s operations, recent performance, and future targets.
- Hydrogen Solutions Overview: Insights into Fusion Fuel’s hydrogen solutions, progress updates, business objectives and future targets.
Event Details:
- Date: December 12, 2024
- Time: 09:30 a.m. ET
The Investor Update Presentation will be made available on the Events page on Fusion Fuel’s website at https://www.fusion-fuel.eu in advance of the release date. A recording of the event will be available online for replay following the presentation.
About Fusion Fuel Green plc
Fusion Fuel Green plc (NASDAQ: HTOO) is a leading energy and utilities company focused on the hydrogen and gas sectors. The company delivers cutting-edge engineering and advisory solutions to accelerate the adoption of green hydrogen across global markets. Additionally, its majority-owned industrial and utilities subsidiary, Quality Industrial Corp., offers a comprehensive portfolio of services, including the design, supply, installation, and maintenance of energy systems and the supply and distribution of liquefied petroleum gas (LPG). The company serves a diverse client base across commercial and residential buildings, mixed-use developments, heavy industries, and the food service sector.
With a strong commitment to innovation and sustainability, Fusion Fuel is at the forefront of driving the global energy transition by providing efficient, reliable, and environmentally responsible energy solutions.
For more information, visit www.fusion-fuel.eu or follow Fusion Fuel on LinkedIn.
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Yo-Yo
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