Company Overview - 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 subsidiaries Al Shola Gas and BrightHy [2] - 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 commercial, industrial, and residential sectors [2] - BrightHy, the company's newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services to enable decarbonization across hard-to-abate industries [2] Financial Updates - The company's pro forma stockholders' equity as of January 10, 2025, is approximately $12.0 million, reflecting the impact of several recently completed transactions [4] - These transactions include the acquisition of Quality Industrial Corp in November 2024, a private placement of $1.28 million in senior convertible notes, and entry into a $25 million equity line of credit on January 10, 2025 [4] - The company has undertaken these 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 [6] Regulatory and Reporting - 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 furnished to the Securities and Exchange Commission on January 13, 2025 [1] - The report is available on the SEC's website and in the Investor Relations section of the company's website [1]
Fusion Fuel Demonstrates Strengthened Equity Position