Fusion Fuel Green PLC Secures $4.3 Million Private Placement to Strengthen Financial Position

Fusion Fuel Green PLC (Nasdaq: HTOO) has announced a definitive agreement for a $4.3 million private placement, a strategic move designed to repay outstanding Senior Convertible Notes and optimize its capital structure. This private investment in public equity (PIPE) involves the sale of 269,459 Class A Ordinary Shares, pre-funded warrants for 541,706 shares, and additional warrants for up to 2.4 million shares, each with specific exercise prices and terms. The transaction is set to fully settle the notes due on January 10 and March 3, 2025, and includes the cancellation and exchange of warrants held by noteholders, who have fully converted their notes.

John-Paul Backwell, CEO of Fusion Fuel Green, highlighted the transaction's role in simplifying the company's capital structure and enhancing its ability to pursue future growth opportunities. This financial restructuring is a critical step for Fusion Fuel Green as it aims to solidify its standing in the integrated energy solutions market. The company, through its subsidiaries Al Shola Gas and BrightHy, is focused on delivering cutting-edge energy engineering and advisory services, with a strong emphasis on decarbonization and comprehensive energy solutions. This announcement underscores the company's commitment to achieving its long-term objectives and its strategic positioning in the evolving energy sector.

For more information, visit https://ibn.fm/eqjUW.