Fusion Fuel Green Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement
August 07 2024 - 4:30PM
Fusion Fuel Green Plc (the “Company”) has received a written notice
(the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the
Company is not currently in compliance with the minimum bid price
requirement of $1.00 per share set forth in Nasdaq Rules for
continued listing on Nasdaq (the “Minimum Bid Price Requirement”),
based on the closing bid price of the Company’s listed securities
for the 31 consecutive business days from June 18, 2024 to August
1, 2024.
In accordance with Nasdaq Listing Rule
5810(c)(3)(A), the Company has been provided 180 calendar days, or
until January 29, 2025 (the “Compliance Deadline”), to regain
compliance with Nasdaq Listing Rule 5550(a)(2). To regain
compliance, the Company’s Class A ordinary shares (the “Ordinary
Shares”) must have a closing bid price of at least $1.00 for a
minimum of 10 consecutive business days.
The Notice has no immediate effect on the
listing of the Company’s Ordinary Shares, which continue to trade
on The Nasdaq Global Market under the symbol “HTOO”. The Company
intends to monitor the closing bid price of its Ordinary Shares and
may, if appropriate, consider implementing available options to
regain compliance with the Minimum Bid Price Requirement. If the
Company does not regain compliance by the Compliance Deadline, the
Company may be afforded an additional 180 calendar day period to
regain compliance as provided by the Nasdaq Listing Rules.
About Fusion Fuel Green plc
Fusion Fuel is an emerging leader in the green
hydrogen sector committed to accelerating the energy transition
through the development of disruptive, clean hydrogen solutions.
Fusion Fuel’s patented miniaturized Proton Exchange Membrane (PEM)
electrolyzer – the HEVO – and building-block approach to green
hydrogen production, unlock unprecedented modularity, flexibility,
and reliability in the design and deployment of small-to-midscale
green hydrogen solutions. Its business lines include the sale of
its electrolyzer systems, the development and sale of turnkey
hydrogen plants, and the provision of end-to-end project
engineering and advisory services. Learn more about Fusion Fuel by
visiting our website at https://www.fusion-fuel.eu, and by
following us on LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking
statements.” Forward-looking statements may be identified by the
use of words such as “estimate,” “plan,” “project,” “forecast,”
“intend,” “will,” “expect,” “anticipate,” “believe,” “seek,”
“target”, “may”, “intend”, “predict”, “should”, “would”, “predict”,
“potential”, “seem”, “future”, “outlook” or other similar
expressions (or negative versions of such words or expressions)
that predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
are not guarantees of future performance, conditions or results,
and involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements.
Fusion Fuel Investor Relations Contact
ir@fusion-fuel.eu
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