Fusion Fuel Green Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
Fusion Fuel Green Plc has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's Class A ordinary shares, trading under the symbol HTOO, have been below this threshold for 31 consecutive business days from June 18 to August 1, 2024. Fusion Fuel Green has until January 29, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The notice does not immediately affect the company's listing on The Nasdaq Global Market. If compliance is not achieved by the deadline, an additional 180-day period may be granted. The company plans to monitor the situation and consider options to meet the requirement.
Fusion Fuel Green Plc ha ricevuto una comunicazione da Nasdaq che indica la non conformità al requisito del prezzo minimo di offerta di $1,00 per azione. Le azioni ordinarie di Classe A dell'azienda, che vengono scambiate con il simbolo HTOO, sono state al di sotto di questa soglia per 31 giorni lavorativi consecutivi dal 18 giugno al 1º agosto 2024. Fusion Fuel Green ha tempo fino al 29 gennaio 2025 per ripristinare la conformità mantenendo un prezzo finale di offerta di almeno $1,00 per un minimo di 10 giorni lavorativi consecutivi. La comunicazione non influisce immediatamente sulla quotazione dell'azienda sul Nasdaq Global Market. Se la conformità non viene raggiunta entro la scadenza, potrebbe essere concessa un'ulteriore estensione di 180 giorni. L'azienda prevede di monitorare la situazione e valutare opzioni per soddisfare il requisito.
Fusion Fuel Green Plc ha recibido un aviso de Nasdaq que indica el incumplimiento del requisito de precio mínimo de oferta de $1.00 por acción. Las acciones ordinarias de Clase A de la empresa, que se negocian bajo el símbolo HTOO, han estado por debajo de este umbral durante 31 días hábiles consecutivos, desde el 18 de junio hasta el 1 de agosto de 2024. Fusion Fuel Green tiene hasta el 29 de enero de 2025 para recuperar el cumplimiento manteniendo un precio de oferta de cierre de al menos $1.00 durante un mínimo de 10 días hábiles consecutivos. El aviso no afecta inmediatamente la cotización de la empresa en el Nasdaq Global Market. Si no se logra el cumplimiento antes de la fecha límite, se puede otorgar un período adicional de 180 días. La empresa planea monitorear la situación y considerar opciones para cumplir con el requisito.
퓨전 연료 그린 Plc는 나스닥으로부터 주당 최소 입찰 가격 요구 사항인 $1.00을 준수하지 않았다는 통지를 받았습니다. 이 회사의 A 클래스 보통주(심볼: HTOO)는 2024년 6월 18일부터 8월 1일까지 31일 연속으로 이 기준 이하로 거래되고 있습니다. 퓨전 연료 그린은 2025년 1월 29일까지 최소 10일 연속으로 주가를 $1.00 이상 유지하여 준수를 회복해야 합니다. 이 통지는 회사의 나스닥 글로벌 시장 상장에 즉각적인 영향을 미치지 않습니다. 기한까지 준수를 달성하지 못하면 추가로 180일이 주어질 수 있습니다. 이 회사는 상황을 모니터링하고 요건을 충족하기 위해 옵션을 고려할 계획입니다.
Fusion Fuel Green Plc a reçu un avis de Nasdaq indiquant un non-respect du seuil de prix d'offre minimum de 1,00 $ par action. Les actions ordinaires de Classe A de l'entreprise, négociées sous le symbole HTOO, ont été en dessous de ce seuil pendant 31 jours ouvrables consécutifs, du 18 juin au 1er août 2024. Fusion Fuel Green a jusqu'au 29 janvier 2025 pour retrouver la conformité en maintenant un prix de clôture d'offre d'au moins 1,00 $ pendant un minimum de 10 jours ouvrables consécutifs. L'avis n'affecte pas immédiatement la cotation de l'entreprise sur le Nasdaq Global Market. Si la conformité n'est pas atteinte avant la date limite, une période supplémentaire de 180 jours peut être accordée. L'entreprise prévoit de surveiller la situation et d'envisager des options pour répondre aux exigences.
Fusion Fuel Green Plc hat eine Mitteilung von Nasdaq erhalten, die eine Nichteinhaltung der Mindestgebotsanforderung von $1,00 pro Aktie anzeigt. Die Klasse A Stimmrechtsaktien des Unternehmens, die unter dem Symbol HTOO gehandelt werden, lagen 31 aufeinanderfolgende Geschäftstage lang, vom 18. Juni bis zum 1. August 2024, unter diesem Schwellenwert. Fusion Fuel Green hat bis zum 29. Januar 2025 Zeit, die Konformität wiederherzustellen, indem sie für mindestens 10 aufeinanderfolgende Geschäftstage einen Schlusskurs von mindestens $1,00 beibehält. Die Mitteilung hat keinen unmittelbaren Einfluss auf die Börsennotierung des Unternehmens am Nasdaq Global Market. Wenn die Konformität bis zur Frist nicht erreicht wird, könnte eine zusätzliche Frist von 180 Tagen gewährt werden. Das Unternehmen plant, die Situation zu beobachten und Optionen in Betracht zu ziehen, um die Anforderungen zu erfüllen.
- None.
- Stock price has fallen below $1.00 for an extended period
- Risk of potential delisting from Nasdaq if compliance is not achieved
- Company may need to implement measures to boost stock price, potentially affecting shareholders
Insights
Fusion Fuel Green's receipt of a Nasdaq deficiency notice is a concerning development for investors. The company's failure to maintain a
- Reduced liquidity and trading volume
- Increased difficulty in raising capital
- Potential delisting if compliance isn't achieved
While the company has until January 29, 2025 to regain compliance, the
This deficiency notice highlights broader challenges in the green energy sector. Fusion Fuel Green's stock performance may be indicative of:
- Investor skepticism about the profitability of hydrogen technologies
- Increased competition in the renewable energy space
- Potential cash flow or funding issues common in early-stage clean tech companies
The company's ability to regain compliance will likely depend on both company-specific factors and overall market sentiment towards green hydrogen. Investors should assess Fusion Fuel Green's technological differentiation, project pipeline and cash position to gauge its potential for recovery and long-term viability in this challenging market environment.
Ordinary shares will continue to trade on the Nasdaq Global Market, and the Company’s listing on such exchange is not affected by the receipt of the Notice
DUBLIN, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (the “Company”) has received a written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not currently in compliance with the minimum bid price requirement of
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 29, 2025 (the “Compliance Deadline”), to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s Class A ordinary shares (the “Ordinary Shares”) must have a closing bid price of at least
The Notice has no immediate effect on the listing of the Company’s Ordinary Shares, which continue to trade on The Nasdaq Global Market under the symbol “HTOO”. The Company intends to monitor the closing bid price of its Ordinary Shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by the Compliance Deadline, the Company may be afforded an additional 180 calendar day period to regain compliance as provided by the Nasdaq Listing Rules.
About Fusion Fuel Green plc
Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel’s patented miniaturized Proton Exchange Membrane (PEM) electrolyzer – the HEVO – and building-block approach to green hydrogen production, unlock unprecedented modularity, flexibility, and reliability in the design and deployment of small-to-midscale green hydrogen solutions. Its business lines include the sale of its electrolyzer systems, the development and sale of turnkey hydrogen plants, and the provision of end-to-end project engineering and advisory services. Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu, and by 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 Investor Relations Contact
FAQ
What is the minimum bid price requirement Fusion Fuel Green (HTOO) must meet for Nasdaq compliance?
When is the deadline for Fusion Fuel Green (HTOO) to regain compliance with Nasdaq's minimum bid price requirement?
How can Fusion Fuel Green (HTOO) regain compliance with Nasdaq's minimum bid price requirement?
What happens if Fusion Fuel Green (HTOO) doesn't meet Nasdaq's minimum bid price requirement by the deadline?
