Fusion Fuel Closes $1.3 Million Follow-On Financing
Fusion Fuel Green PLC (Nasdaq: HTOO) has secured a $1.3 million private placement of senior convertible notes with institutional investors. The notes were issued at a weighted-average original issue discount of approximately 23% for an aggregate purchase price of $1.0 million. The notes will mature in August 2026 and carry an 8% annual interest rate.
The company also issued warrants to noteholders for additional equity participation. CEO John-Paul Backwell stated that this follow-on financing strengthens their financial position and demonstrates investor confidence. The proceeds will be used for additional working capital.
Fusion Fuel Green PLC (Nasdaq: HTOO) ha ottenuto un collocamento privato di 1,3 milioni di dollari di note convertibili senior con investitori istituzionali. Le note sono state emesse con uno sconto medio ponderato sull'emissione originale di circa il 23% per un prezzo di acquisto complessivo di 1,0 milioni di dollari. Le note scadranno in agosto 2026 e porteranno un tasso di interesse annuale dell'8%.
L'azienda ha anche emesso warrant ai possessori delle note per una partecipazione azionaria aggiuntiva. Il CEO John-Paul Backwell ha dichiarato che questo finanziamento supplementare rafforza la loro posizione finanziaria e dimostra la fiducia degli investitori. I proventi saranno utilizzati per ulteriore capitale di lavoro.
Fusion Fuel Green PLC (Nasdaq: HTOO) ha asegurado un colocación privada de 1,3 millones de dólares de notas convertibles senior con inversores institucionales. Las notas se emitieron con un descuento medio ponderado de aproximadamente el 23% por un precio de compra total de 1,0 millones de dólares. Las notas vencerán en agosto de 2026 y tendrán una tasa de interés anual del 8%.
La compañía también emitió warrants a los tenedores de notas para una participación adicional en el capital. El CEO John-Paul Backwell declaró que este financiamiento adicional fortalece su posición financiera y demuestra la confianza de los inversores. Los ingresos se utilizarán para capital de trabajo adicional.
퓨전 퓨얼 그린 PLC (Nasdaq: HTOO)는 기관 투자자들과 함께 130만 달러의 사모 배치를 확보했습니다. 이 노트는 약 23%의 가중 평균 원발행 할인으로 발행되어 총 구매 가격은 100만 달러입니다. 이 노트는 2026년 8월에 만료되며 연 8%의 이자율을 가집니다.
회사는 또한 추가 자본 참여를 위해 노트 보유자에게 워런트를 발행했습니다. CEO 존-폴 백웰은 이 후속 자금 조달이 그들의 재무 상태를 강화하고 투자자 신뢰를 보여준다고 밝혔습니다. 수익금은 추가 운영 자본으로 사용될 것입니다.
Fusion Fuel Green PLC (Nasdaq: HTOO) a sécurisé un placement privé de 1,3 million de dollars de notes convertibles senior avec des investisseurs institutionnels. Les notes ont été émises avec une remise d'émission moyenne pondérée d'environ 23 % pour un prix d'achat total de 1,0 million de dollars. Les notes arriveront à échéance en août 2026 et portent un taux d'intérêt annuel de 8 %.
L'entreprise a également émis des bons de souscription aux détenteurs de notes pour une participation supplémentaire au capital. Le PDG John-Paul Backwell a déclaré que ce financement complémentaire renforce leur position financière et démontre la confiance des investisseurs. Les produits seront utilisés pour un capital de travail supplémentaire.
Fusion Fuel Green PLC (Nasdaq: HTOO) hat eine Privatplatzierung von 1,3 Millionen Dollar in Form von senior wandelbaren Anleihen mit institutionellen Investoren gesichert. Die Anleihen wurden mit einem gewogenen durchschnittlichen ursprünglichen Emissionsabschlag von etwa 23% zu einem Gesamtkaufpreis von 1,0 Millionen Dollar ausgegeben. Die Anleihen laufen im August 2026 aus und haben einen jährlichen Zinssatz von 8%.
Das Unternehmen hat auch Warrants an die Anleihegläubiger für eine zusätzliche Eigenkapitalbeteiligung ausgegeben. CEO John-Paul Backwell erklärte, dass diese Anschlussfinanzierung ihre finanzielle Position stärkt und das Vertrauen der Investoren demonstriert. Die Erlöse werden für zusätzliches Betriebskapital verwendet.
- Secured $1.3M in additional working capital
- Continued investor support and confidence demonstrated through follow-on financing
- 23% original issue discount on notes indicates unfavorable financing terms
- 8% annual interest rate adds to debt service costs
- Potential dilution from convertible notes and warrants
DUBLIN, March 04, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) ("Fusion Fuel" or the "Company"), a leading provider of full-service energy engineering and advisory solutions, today announced that it has closed a
The senior convertible notes were issued at a weighted-average original issue discount of approximately
“This follow-on financing further solidifies our financial position and underscores the ongoing commitment from our investors,” commented John-Paul Backwell, Chief Executive Officer of Fusion Fuel. “Their continued support reinforces the confidence in our long-term strategy and ability to execute. With these investments, we are strengthening our position as a diversified energy services leader, delivering value across the entire energy ecosystem.”
The proceeds from the financing are expected to provide additional working capital.
Additional information regarding the terms of the senior convertible notes and related warrants can be found in the Company’s report on Form 6-K filed with the U.S. Securities and Exchange Commission (SEC) on March 3, 2025.
About Fusion Fuel Green PLC
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 Al Shola Gas and BrightHy brands. 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 a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.
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FAQ
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