FuelCell Energy, Inc. Announces Special Stockholder Meeting
FuelCell Energy (Nasdaq: FCEL) has announced a special stockholder meeting scheduled for October 31, 2024. The primary agenda is to vote on a proposal authorizing the Board of Directors to implement a reverse stock split of the company's common stock. This would be executed through an amendment to FuelCell Energy's Certificate of Incorporation. Stockholders of record as of September 10, 2024 will be eligible to receive notice and vote at the meeting. The company plans to file a proxy statement with the SEC, providing detailed information about the Special Meeting to stockholders at a later date.
FuelCell Energy (Nasdaq: FCEL) ha annunciato una riunione straordinaria degli azionisti programmata per 31 ottobre 2024. L'argomento principale all'ordine del giorno è votare su una proposta che autorizza il Consiglio di Amministrazione ad attuare un raggruppamento azionario delle azioni ordinarie della società. Questo sarà realizzato attraverso un emendamento al Certificato di Incorporazione di FuelCell Energy. Gli azionisti registrati al 10 settembre 2024 avranno diritto a ricevere comunicazione e a votare durante la riunione. L'azienda prevede di presentare una dichiarazione di delega alla SEC, fornendo informazioni dettagliate sulla Riunione Straordinaria agli azionisti in una data successiva.
FuelCell Energy (Nasdaq: FCEL) ha anunciado una reunión especial de accionistas programada para el 31 de octubre de 2024. El tema principal de la agenda es votar sobre una propuesta que autoriza a la Junta Directiva a implementar un split inverso de acciones de las acciones ordinarias de la empresa. Esto se llevará a cabo mediante una enmienda al Certificado de Incorporación de FuelCell Energy. Los accionistas registrados a partir del 10 de septiembre de 2024 serán elegibles para recibir aviso y votar en la reunión. La compañía tiene planes de presentar un comunicado de poder a la SEC, proporcionando detalles sobre la Reunión Especial a los accionistas en una fecha posterior.
퓨얼셀 에너지(FuelCell Energy, Nasdaq: FCEL)는 2024년 10월 31일로 예정된 특별 주주 총회를 발표했습니다. 주요 안건은 이사회에 회사를 위한 주식 병합을 시행할 권한을 부여하는 제안에 대한 투표입니다. 이는 퓨얼셀 에너지의 법인 설립 증명서를 개정하여 실행될 것입니다. 2024년 9월 10일 기준으로 등록된 주주만이 회의 통지를 받고 투표할 권리가 있습니다. 회사는 SEC에 위임장 성명을 제출할 계획이며, 주요 회의에 대한 자세한 정보를 이후에 주주들에게 제공할 예정입니다.
FuelCell Energy (Nasdaq: FCEL) a annoncé une réunion spéciale des actionnaires prévue pour le 31 octobre 2024. Le principal point à l'ordre du jour est de voter sur une proposition autorisant le Conseil d'Administration à mettre en œuvre un rachat d'actions des actions ordinaires de la société. Cela sera réalisé par un amendement au Certificat de Constitution de FuelCell Energy. Les actionnaires inscrits au 10 septembre 2024 auront le droit de recevoir une notification et de voter lors de la réunion. La société prévoit de soumettre une déclaration de procuration à la SEC, fournissant ultérieurement aux actionnaires des informations détaillées sur la Réunion spéciale.
FuelCell Energy (Nasdaq: FCEL) hat eine besondere Aktionärsversammlung für den 31. Oktober 2024 angekündigt. Der Hauptpunkt auf der Agenda ist die Abstimmung über einen Vorschlag, der dem Vorstand die Genehmigung erteilt, einen Aktienzusammenschluss der Stammaktien des Unternehmens durchzuführen. Dies wird durch eine Änderung der Satzung von FuelCell Energy durchgeführt. Aktionäre, die zum 10. September 2024 im Aktienregister stehen, sind berechtigt, eine Mitteilung zu erhalten und bei der Versammlung zu wählen. Das Unternehmen plant, eine Vollmachtserklärung bei der SEC einzureichen, um den Aktionären zu einem späteren Zeitpunkt detaillierte Informationen über die Sonderversammlung bereitzustellen.
- None.
- Potential reverse stock split indicates possible financial challenges or low stock price
- Reverse split may lead to reduced liquidity and market capitalization
DANBURY, Conn., Aug. 20, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it plans to hold a special meeting of its stockholders (the “Special Meeting”) on October 31, 2024 to consider and vote on a proposal to authorize the Company’s Board of Directors (the “Board”) to effect a reverse stock split of the Company’s common stock through an amendment to the Company’s Certificate of Incorporation, as amended.
Holders of record of the Company’s common stock as of the close of business on September 10, 2024 will be entitled to receive notice of and to vote at the Special Meeting. Details regarding the Special Meeting will be made available to stockholders at a later date in a proxy statement to be filed by the Company with the Securities and Exchange Commission.
About FuelCell Energy
FuelCell Energy, Inc. is focused on advancing sustainable clean energy technologies that address some of the world’s most critical challenges around energy access, security, resilience, reliability, affordability, safety and environmental stewardship. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for industrial and commercial businesses, utilities, governments, municipalities, and communities.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or the Company’s future performance that involve certain contingencies and uncertainties. The forward-looking statements include, without limitation, the Company’s plans and expectations regarding the proposed Special Meeting and the proposal to authorize the Board to effect a reverse stock split of the Company’s common stock through an amendment to the Company’s Certificate of Incorporation, as amended. These forward-looking statements are not guarantees of future performance, and all forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risks set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2023 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2024. The forward-looking statements contained herein speak only as of the date of this release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement contained herein to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material with respect to the Special Meeting and the proposal, to be submitted to the Company’s stockholders for consideration at the Special Meeting, to authorize the Board to effect a reverse stock split of the Company’s common stock through an amendment to the Company’s Certificate of Incorporation, as amended. In connection with the Special Meeting, the Company intends to file proxy materials with the Securities and Exchange Commission (the “SEC”), including a preliminary proxy statement and a definitive proxy statement. Stockholders of the Company and other interested persons are urged to read all relevant documents filed with the SEC when they become available, including the preliminary and definitive proxy statements to be filed in connection with the Special Meeting, because they will contain important information about the Special Meeting and the proposal to authorize the Board to effect a reverse stock split of the Company’s common stock through an amendment to the Company’s Certificate of Incorporation, as amended. Stockholders will be able to obtain such documents (if and when available) free of charge at the SEC’s website at www.sec.gov, or free of charge from the Company by directing a request to Joshua Dolger, Corporate Secretary, 3 Great Pasture Road, Danbury, Connecticut 06810.
Participants in the Solicitation
The Company and its directors, executive officers and other members of management and employees may be deemed, under SEC rules, to be “participants” in the solicitation of proxies from stockholders of the Company with respect to the proposals to be submitted to the Company’s stockholders at the Special Meeting. Information about the Company’s directors and executive officers is set forth in the Company’s Definitive Proxy Statement on Schedule 14A for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on February 16, 2024, as supplemented by the Supplement to Definitive Proxy Statement filed with the SEC on March 6, 2024. To the extent holdings of the Company’s securities by its directors or executive officers have changed from the amounts set forth in such Definitive Proxy Statement, as supplemented, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the direct or indirect interests, by security holdings or otherwise, of the participants in the solicitation, which may, in some cases, be different than those of the Company’s stockholders generally, will be set forth in the preliminary and definitive proxy statements to be filed in connection with the Special Meeting.
Contact:
Press Contact
FuelCell Energy
Kathleen Blomquist
kblomquist@fce.com
Investor Relations Contact
FuelCell Energy
Tom Gelston
tgelston@fce.com
FAQ
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