Fusion Fuel Demonstrates Strengthened Equity Position
16 Janeiro 2025 - 11:00AM
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:IBNAustin,
Texaswww.InvestorBrandNetwork.com512.354.7000
OfficeEditor@InvestorBrandNetwork.com
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