Fusion Fuel Green PLC announced that it has entered into a securities purchase agreement to issue convertible promissory notes for a principal amount of $20 million and warrants on November 21, 2023. The transaction will include participation from new investor, Belike Nominees Pty Ltd. The notes will bear a interest rate of 4%. The minimum conversion price shall be set at $0.20 provided that if at any time while the placement note is outstanding, the three day VWAP of the class A ordinary shares is less than $0.20, then the minimum conversion price shall thereafter equal $0.05.
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5-day change | 1st Jan Change | ||
1.24 USD | -4.62% | -3.88% | +10.71% |
05-15 | Fusion Fuel Green Receives Nasdaq Notice for Not Meeting Shareholders' Equity Requirement | MT |
04-30 | Fusion Fuel Green PLC Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+10.71% | 18.7M | |
+121.69% | 191M | |
-43.87% | 154M | |
+10.77% | 73.26M | |
+12.23% | 71.76M |
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- Fusion Fuel Green PLC announced that it expects to receive $20 million in funding from Belike Nominees Pty Ltd