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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]
Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq's Minimum Bid Price Rule
GlobeNewswire News Room· 2025-07-10 12:00
Core Points - Fusion Fuel Green PLC announced a 1-for-35 reverse share split to regain compliance with Nasdaq's minimum bid price requirement [3][5] - The reverse share split will reduce the number of issued and outstanding Class A Ordinary Shares from approximately 27,418,159 to approximately 783,376 [5] - The new nominal value of each Class A Ordinary Share will be adjusted to $0.0035 following the reverse share split [5] Company Actions - The reverse share split was approved by the board of directors 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 reverse share split will not result in fractional shares; any resulting fractional shares will be rounded up to the nearest whole share [6] Trading Information - The Class A Ordinary Shares will continue to trade on Nasdaq under the symbol "HTOO" and will begin trading on a split-adjusted basis on July 14, 2025 [2] - The new CUSIP number for the Class A Ordinary Shares after the reverse share split will be G3R25D 209 [2]
Fusion Fuel Green PLC Announces Forthcoming Annual General Meeting
Globenewswire· 2025-06-04 12:00
Core Points - Fusion Fuel Green PLC will hold its Annual General Meeting (AGM) on June 25, 2025, at 2:00 PM Dublin time [1] - Shareholders are encouraged to review the Notice of AGM, which includes six proposals for approval by the Board of Directors [2] - A key proposal is to authorize a reverse share split of the Company's Class A Ordinary Shares at a ratio between 4-to-1 and 40-to-1 to comply with Nasdaq's minimum bid price requirement of $1.00 per share [3] - CEO John-Paul Backwell emphasized that obtaining shareholder approval for the reverse share split will demonstrate the Company's progress towards compliance with Nasdaq listing requirements and long-term sustainability [4] - Fusion Fuel Green PLC is an energy company providing engineering, advisory, and fuel distribution solutions, actively expanding into new sectors and geographies to support energy transition [5]