Fusion Fuel Green PLC Raises $1.3 Million through Private Placement of Senior Convertible Notes
DUBLIN, Ireland, March 04, 2025 – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a prominent player in the energy engineering and advisory solutions sector, recently announced the successful completion of a private placement of senior convertible notes. The investment round saw participation from certain institutional investors, who collectively purchased $1.3 million worth of senior convertible notes.
Terms and Conditions of the Private Placement
The senior convertible notes were issued at an original issue discount of approximately 23%, resulting in an aggregate purchase price of $1.0 million. These notes will mature in August 2026. The annual interest rate on these notes is set at 8%.
Impact on Fusion Fuel
The funds raised through this private placement will enable Fusion Fuel to further expand its operations and pursue growth opportunities in the energy engineering and advisory solutions market. With the increasing demand for sustainable energy solutions, Fusion Fuel aims to capitalize on this trend and bolster its position as a leading provider in the sector.
Global Implications
Fusion Fuel’s successful fundraising round could have far-reaching implications for the global energy market. As the world continues to transition towards cleaner, more sustainable energy sources, companies like Fusion Fuel are at the forefront of this transformation. This investment will help Fusion Fuel accelerate its efforts in delivering innovative energy solutions, contributing to a more sustainable and eco-friendly future for all.
Additional Information
- The private placement is subject to customary closing conditions, including the registration of the securities with the Securities and Exchange Commission.
- Fusion Fuel plans to use the proceeds from the private placement for working capital and general corporate purposes.
- The senior convertible notes are convertible into shares of Fusion Fuel common stock at the option of the investors, subject to certain conditions.
Stay tuned for further updates on Fusion Fuel’s progress and its role in shaping the future of the energy industry.
Conclusion
Fusion Fuel’s recent private placement of senior convertible notes marks a significant milestone in the company’s growth journey. This investment will enable Fusion Fuel to expand its operations and capitalize on the increasing demand for sustainable energy solutions. The global implications of this development are far-reaching, as the world continues to transition towards a cleaner, more eco-friendly energy future. Fusion Fuel’s commitment to innovation and sustainability makes it a key player in this transformation, and we look forward to witnessing the company’s continued growth and success.
