Fusion Fuel Green PLC (Nasdaq: HTOO) has finalized a $4.3 million private placement to address its financial obligations and streamline its capital structure. This arrangement 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, with specific exercise prices and terms. The proceeds are intended to fully repay the Senior Convertible Notes due in January and March 2025, alongside 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 invest in future growth opportunities. This strategic financial adjustment is crucial for Fusion Fuel Green as it aims to solidify its presence in the integrated energy solutions market. The company, through its subsidiaries Al Shola Gas and BrightHy, is focused on delivering innovative energy engineering and advisory services, with a strong emphasis on decarbonization. This financial restructuring is a key step towards achieving its long-term goals in the energy sector.
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