Fusion Fuel Green PLC - Ordinary Shares (HTOO)

Fusion Fuel Green (Nasdaq: HTOO) announced its approval to transfer its Class A Ordinary Shares and publicly traded warrants from The Nasdaq Global Market to The Nasdaq Capital Market, effective Feb. 3, 2025. The move grants the company an additional 180 days, until July 28, 2025, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement, with a potential reverse share split if necessary. Fusion Fuel also faces noncompliance with Nasdaq’s annual meeting requirement, having not held a shareholder meeting within 12 months of its fiscal year-end. CEO JP Backwell emphasized the transfer’s flexibility in executing strategic initiatives while maintaining the company’s trading symbols.

Fusion Fuel (NASDAQHTOO), a leading provider of comprehensive energy engineering, advisory and supply solutions, has announced the resignation of Gavin Jones as CFO and the appointment of Frederico Figueira de Chaves as Interim CFO, effective Jan. 24, 2025. Jones has opted to pursue a new opportunity, but will continue to serve as company secretary and has pledged his support to ensure a seamless transition. Figueira de Chaves previously held the position of CFO at Fusion Fuel from 2020 to 2023, where he was instrumental in shaping the company’s financial strategy and operational framework. Currently serving as the company’s chief strategy officer and head of hydrogen solutions, Figueira de Chaves will assume the additional role while maintaining his existing responsibilities, leveraging his extensive financial and strategic expertise, while supported by an experienced in-house finance team.

Fusion Fuel Green (Nasdaq: HTOO) reported significant developments for its Al Shola Gas subsidiary, which secured approximately $3.5 million in new orders and renewals between Nov. 2024 and Jan. 2025. The contracts include an exclusive LPG supply renewal in the residential sector and multiple supply and installation projects across manufacturing, hospitality, and construction industries. CEO JP Backwell highlighted the subsidiary’s strong cash flow generation in the Middle East and plans to invest in expanding infrastructure and bulk LPG supply capabilities to drive growth, broaden geographic reach, and unlock new revenue streams.

Fusion Fuel (NASDAQHTOO), a leading provider of full-service energy engineering and advisory solutions, today announced pro forma stockholders’ equity of approximately $12.0 million, as of Jan. 10, 2025. According to the announcement, the pro forma amount reflects the impact of several recently completed transactions, including the acquisition of Quality Industrial Corp. in November 2024, and, on Jan. 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, Fusion Fuel 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 Capital Market tier of the Nasdaq.

Fusion Fuel Green (NASDAQHTOO), a provider of energy engineering and advisory solutions, announced the closing of a $1.28 million senior convertible notes private placement and an agreement for a $25 million equity line of credit with institutional investors. The notes, issued at a 20% original issue discount, mature in July 2026 with an 8% annual interest rate and include warrants offering 100% equity coverage. The equity line of credit allows Fusion Fuel to sell up to $25 million in Class A ordinary shares at its discretion, contingent on SEC registration, market conditions, and regulatory compliance. CEO John-Paul Backwell highlighted the capital’s role in strengthening liquidity, scaling the Al Shola Gas business, and advancing the BrightHy solutions platform to position the company as a leader in the energy services sector. Proceeds will bolster the balance sheet and fund strategic growth initiatives, with details available in the Form 6-K reports furnished to the SEC on Jan. 13, 2025.

DUBLIN, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (NASDAQHTOO), 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.

Ademi LLP is investigating Fusion Fuel (NASDAQHTOO) for possible breaches of fiduciary duty and other violations of law in its transaction with QIND.

DUBLIN, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQHTOO) (“Fusion Fuel” or the “Company”), a leader in full-service green hydrogen solutions, today announced the successful closing of its previously disclosed transaction to acquire a controlling stake in Quality Industrial Corp. (OTC Pink: QIND) (“QIND”) through a share exchange. The completion of this strategic acquisition strengthens Fusion Fuel’s position in the energy engineering, supply, and services business, creating a robust platform to capitalize on growing demand in the renewable energy and industrial gas sectors.

Acquisition of Profitable, Cash Flow-Generating Business Broadens Service Offerings Across Energy Value Chain

DUBLIN, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (“Fusion Fuel” or the “Company”) announced today that it has issued a damages claim against Hydrogenial S.A. (“Hydrogenial” or the “Investor”) and its principal, Mr. Norbert Bindner, following their failure to fund the $33.5 million Subscription Agreement disclosed in the Company’s Form 6-K on September 11, 2024. Under the terms of this agreement, entered into in good faith by the Company on August 28, 2024, the Investor committed to purchase an aggregate of 43,790,850 Class A ordinary shares (the "Class A Shares"), along with warrants to acquire an additional 13,137,254 Class A Shares, for a total purchase price of $33,500,000.

DUBLIN, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) today announced that the Company received a letter (the “Staff Determination Notice”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The Staff Determination Notice noted that on May 8, 2024, the Staff had notified the Company that it did not comply with the minimum $10,000,000 stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A), since the Company’s Form 20-F for the fiscal year ended December 31, 2023, reported stockholders’ equity of $3,022,125. The Staff Determination Notice also noted that the Company did not meet the continued listing requirements under the alternative standards for continued listing.

Ordinary shares will continue to trade on the Nasdaq Global Market, and the Company’s listing on such exchange is not affected by the receipt of the Notice

SABUGO, Portugal, June 05, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the first quarter ended March 31, 2024. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

SABUGO, Portugal, June 05, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) announced today that it has signed a 100 kW electrolyzer supply contract for a hospital client in Iberia. The hospital intends to capture the green oxygen created as a byproduct of the electrolysis process for medical applications and to use the green hydrogen generated to produce emissions-free power for the facility. The project also includes an R&D workstream aimed at developing and testing new materials for the Gas Diffusion Layer and Porous Transport Layer within Fusion Fuel’s HEVO micro-electrolyzer technology. The company expects the R&D engagement to contribute additional technology and equipment supply revenue beyond the initial 100 kW system. The project reflects Fusion Fuel’s commitment to developing and delivering innovative solutions that help our customers realize their clean energy goals.

SABUGO, Portugal, May 31, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Wednesday, June 5, 2024, to discuss first quarter financial results and operational highlights for the end-to-end green hydrogen solutions company.

DUBLIN, Ireland, May 15, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), an emerging leader in the green hydrogen sector, today announced that on May 8, 2024, the Company received a deficiency notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, since the Company’s Form 20-F for the fiscal year ended December 31, 2023 reported shareholders’ equity of $3,022,125, the Company no longer complied with Nasdaq listing rules (the “Rules”) requiring companies listed on the Nasdaq Global Market to maintain a minimum of $10,000,000 in shareholders’ equity.

SABUGO, Portugal, March 20, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) (the “Company”) announced today that it has received provisional approval from the Portuguese government for an estimated €5 million in grant funding to support the development of a 25 MW green hydrogen project located in Aveiro, Portugal. The grant approval was awarded as part of the second funding call of the Component 14 (“C-14”) grant program which is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases. The Company is also involved in a second submission for a 10 MW green hydrogen project, led by a Portuguese industrial company, which has also received funding approval. In total, there were 21 proposals that received provisional approval through the C-14 program.

SABUGO, Portugal, March 06, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the fourth quarter ended December 31, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

SABUGO, Portugal, March 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) (the “Company”) announced today that it has received approval for a €1.015 million grant from the European Innovation Fund’s Horizon Europe Programme. The Company was included as a member of H2tALENT, a consortium of 29 partners from six countries across Europe and sponsored by the Universidade de Évora. H2tALENT was one of three consortia funded in the topic (HORIZON-JTI-CLEANH2-2023-1), which was created to develop small-scale hydrogen valleys that demonstrate the decarbonization potential of hydrogen and cover the entire value chain from research & development through to end-use.

SABUGO, Portugal, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Wednesday, March 6, 2024, to discuss fourth quarter financial results and operational highlights for the green hydrogen solutions company.

SABUGO, Portugal, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQHTOO) (the “Company”) is pleased to announce that it has received notification from the European Commission that the Company’s HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (“IPCEI”) Hy2Infra program. The €650 million, 630 MW project is to be developed in Sines, Portugal, and would produce 62,000 tonnes of green hydrogen per annum. A portion of the green hydrogen is expected to be used in the production of green ammonia and exported from the Port of Sines to the Port of Rotterdam in the Netherlands. The balance would be consumed by industrial customers in the domestic Portuguese market.

SABUGO, Portugal, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the third quarter ended September 30, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

Contract further reinforces market acceptance of plug-and-play HEVO-Chain system, strengthens Fusion Fuel’s footprint in hydrogen mobility

DUBLIN, Ireland, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), an emerging leader in the green hydrogen sector, today announced that it has entered into an agreement with Macquarie Group’s Commodities and Global Markets business (“Macquarie”) for financing of up to $20 million of senior convertible notes (the “Financing”) pursuant to a securities subscription agreement (“Subscription Agreement”), subject to the satisfactions of certain conditions, as further set forth therein. The Financing will be conducted in several tranches based on the specific needs of the Company and the conditions set forth in the Subscription Agreement, with each tranche size, including the initial tranche size, to be determined by mutual agreement of Macquarie and the Company. Although subject to change, based on current market conditions, the initial tranche is not expected to be greater than 10% of the total Financing. Until the conditions precedent as described herein are satisfied or waived, there can be no assurance that any portion of the Financing will be consummated.

SABUGO, Portugal, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQHTOO) announced today that it will be hosting a live conference call and webcast on Monday, December 4, 2023, to discuss third quarter financial results and operational highlights for the green hydrogen solutions company.