Fusion Fuel Closes $1,3 Million Follow-On Financing
DUBLIN, March 04, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), 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.
John-Paul Backwell, Chief Executive Officer of Fusion Fuel, commented:
This follow-on financing further solidifies our financial position and underscores the ongoing commitment from our investors,
“Their continued support reinforces the confidence in our long-term strategy and ability to execute. With these investments, we are strengthening our position as a diversified energy services leader, delivering value across the entire energy ecosystem.”
The proceeds from the financing are expected to provide additional working capital.
Additional information regarding the terms of the senior convertible notes and related warrants can be found in the Company’s report on Form 6-K filed with the U.S. Securities and Exchange Commission (SEC) on March 3, 2025.
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Fusion Fuel Closes $1,3 Million Follow-On Financing, source
