Fusion Fuel Green PLC

0.3139

-0.0030-0.95%

Post-market: 0.31990.0060+1.91%19:27 EDT

Volume:161.07K

Turnover:51.55K

Market Cap:7.00M

PE:-0.12

High:0.3300

Open:0.3300

Low:0.3101

Close:0.3169

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20:00","pubTimestamp":1741089600,"startTime":"0","endTime":"0","summary":"DUBLIN, March 04, 2025  -- via IBN – Fusion Fuel Green PLC  , a leading provider of full-service energy engineering and advisory solutions, today announced that it has closed a $1.3 million private placement of senior convertible notes with certain institutional investors.The senior convertible notes were issued at a weighted-average original issue discount of approximately 23% for an aggregate purchase price of $1.0 million, mature in August 2026, and carry an 8% annual interest rate. In connection with the financing, the Company also issued warrants to the noteholders, providing additional equity participation.“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. 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Ms. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who will remain a member of the Board. She will also serve as a member of the Nominating Committee, Audit Committee, and Compensation Committee. Following Ms. Ingargiola's appointment, the Board will be comprised of six directors, four of whom have been determined by the Board to be \"independent directors\" under the Nasdaq Listing Rules.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4144","HTOO","BK4585","BICX","NQmain","BK4588","LPG","BK4185","BK4096"],"gpt_icon":0}],"pageSize":4,"totalPage":15,"pageCount":1,"totalSize":57}]}}