Fusion Fuel (NASDAQHTOO), a leading provider of comprehensive energy engineering, advisory and supply solutions, has announced the resignation of Gavin Jones as CFO and the appointment of Frederico Figueira de Chaves as Interim CFO, effective Jan. 24, 2025. Jones has opted to pursue a new opportunity, but will continue to serve as company secretary and has pledged his support to ensure a seamless transition. Figueira de Chaves previously held the position of CFO at Fusion Fuel from 2020 to 2023, where he was instrumental in shaping the company’s financial strategy and operational framework. Currently serving as the company’s chief strategy officer and head of hydrogen solutions, Figueira de Chaves will assume the additional role while maintaining his existing responsibilities, leveraging his extensive financial and strategic expertise, while supported by an experienced in-house finance team.

Fusion Fuel Green (Nasdaq: HTOO) reported significant developments for its Al Shola Gas subsidiary, which secured approximately $3.5 million in new orders and renewals between Nov. 2024 and Jan. 2025. The contracts include an exclusive LPG supply renewal in the residential sector and multiple supply and installation projects across manufacturing, hospitality, and construction industries. CEO JP Backwell highlighted the subsidiary’s strong cash flow generation in the Middle East and plans to invest in expanding infrastructure and bulk LPG supply capabilities to drive growth, broaden geographic reach, and unlock new revenue streams.

Fusion Fuel (NASDAQHTOO), a leading provider of full-service energy engineering and advisory solutions, today announced pro forma stockholders’ equity of approximately $12.0 million, as of Jan. 10, 2025. According to the announcement, the pro forma amount reflects the impact of several recently completed transactions, including the acquisition of Quality Industrial Corp. in November 2024, and, on Jan. 10, 2025, the concurrent private placement of $1.28 million in senior convertible notes and entry into a $25 million equity line of credit. As a result, Fusion Fuel has undertaken a number of transactions to achieve and demonstrate long-term compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders’ equity of $2.5 million for continued listing on the Capital Market tier of the Nasdaq.

Fusion Fuel Green (NASDAQHTOO), a provider of energy engineering and advisory solutions, announced the closing of a $1.28 million senior convertible notes private placement and an agreement for a $25 million equity line of credit with institutional investors. The notes, issued at a 20% original issue discount, mature in July 2026 with an 8% annual interest rate and include warrants offering 100% equity coverage. The equity line of credit allows Fusion Fuel to sell up to $25 million in Class A ordinary shares at its discretion, contingent on SEC registration, market conditions, and regulatory compliance. CEO John-Paul Backwell highlighted the capital’s role in strengthening liquidity, scaling the Al Shola Gas business, and advancing the BrightHy solutions platform to position the company as a leader in the energy services sector. Proceeds will bolster the balance sheet and fund strategic growth initiatives, with details available in the Form 6-K reports furnished to the SEC on Jan. 13, 2025.

DUBLIN, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (NASDAQHTOO), a leading provider of energy and utility solutions, today announced it will host an Investor Update Presentation on Thursday, December 12, 2024, to discuss its recently announced transaction, introduce its group businesses, and share strategic plans and targets for the future.

Ademi LLP is investigating Fusion Fuel (NASDAQHTOO) for possible breaches of fiduciary duty and other violations of law in its transaction with QIND.

DUBLIN, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQHTOO) (“Fusion Fuel” or the “Company”), a leader in full-service green hydrogen solutions, today announced the successful closing of its previously disclosed transaction to acquire a controlling stake in Quality Industrial Corp. (OTC Pink: QIND) (“QIND”) through a share exchange. The completion of this strategic acquisition strengthens Fusion Fuel’s position in the energy engineering, supply, and services business, creating a robust platform to capitalize on growing demand in the renewable energy and industrial gas sectors.

Fusion Fuel Green's stock is falling after announcing a deal to acquire a 70% stake in Quality Industrial Corp., signaling investor concerns despite the strategic expansion.

Acquisition of Profitable, Cash Flow-Generating Business Broadens Service Offerings Across Energy Value Chain

DUBLIN, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (“Fusion Fuel” or the “Company”) announced today that it has issued a damages claim against Hydrogenial S.A. (“Hydrogenial” or the “Investor”) and its principal, Mr. Norbert Bindner, following their failure to fund the $33.5 million Subscription Agreement disclosed in the Company’s Form 6-K on September 11, 2024. Under the terms of this agreement, entered into in good faith by the Company on August 28, 2024, the Investor committed to purchase an aggregate of 43,790,850 Class A ordinary shares (the "Class A Shares"), along with warrants to acquire an additional 13,137,254 Class A Shares, for a total purchase price of $33,500,000.

DUBLIN, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) today announced that the Company received a letter (the “Staff Determination Notice”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The Staff Determination Notice noted that on May 8, 2024, the Staff had notified the Company that it did not comply with the minimum $10,000,000 stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A), since the Company’s Form 20-F for the fiscal year ended December 31, 2023, reported stockholders’ equity of $3,022,125. The Staff Determination Notice also noted that the Company did not meet the continued listing requirements under the alternative standards for continued listing.

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