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Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq’s Minimum Bid Price Rule
Globenewswire· 2025-07-10 12:00
Core Points - Fusion Fuel Green PLC announced a 1-for-35 reverse share split of its Class A Ordinary Shares to regain compliance with Nasdaq's minimum bid price requirement [3][4] - The reverse share split will take effect on July 14, 2025, with the new CUSIP number being G3R25D 209 [2] - Following the reverse share split, the number of issued and outstanding Class A Ordinary Shares will decrease from approximately 27,418,159 to approximately 783,376 [5] Company Actions - The board of directors approved the reverse share split on June 25, 2025, during the Annual General Meeting [4] - Shareholders also approved an increase in the Company's authorized share capital to ensure 100,000,000 authorized Class A Ordinary Shares post-split [4][5] - The nominal value of each Class A Ordinary Share will be adjusted to $0.0035 as a result of the reverse share split [5] Shareholder Information - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [6] - Registered shareholders will not need to take action to receive their post-split shares, and those holding shares electronically will see the changes reflected automatically [6] Company Overview - Fusion Fuel Green PLC is an energy company providing engineering, advisory, and fuel distribution solutions, actively expanding into new sectors and geographies [8]