Fusion Fuel Green PLC (Nasdaq: HTOO) has successfully regained compliance with Nasdaq's listing requirements following a 1-for-35 reverse stock split, marking a pivotal step in its corporate turnaround. The company's strategic acquisitions, including a controlling stake in Quality Industrial Corp. and its operating unit, Al Shola Al Modea Gas Distribution LLC, aim to achieve $20 million in revenue by 2025, with Al Shola Gas already securing $7.4 million in new contracts and adding significant recurring annual revenue.
Further bolstering its financial stability, Fusion Fuel raised $2.58 million through convertible notes and secured a $25 million equity line, alongside agreements to acquire a UK-based fuel distributor and a partnership to deploy electrolyzer systems in Iberia. These moves underscore the company's commitment to expanding its global footprint and technological capabilities in the green hydrogen and energy solutions market.
CEO John-Paul Backwell highlighted the company's progress in addressing legacy issues and building momentum through strategic initiatives, positioning Fusion Fuel Green PLC for long-term shareholder value and industry leadership.
