Fusion Fuel Green PLC (Nasdaq: HTOO) has taken a significant step towards regaining compliance with Nasdaq's minimum bid price requirement by announcing a 1-for-35 reverse share split of its Class A Ordinary Shares. This strategic move, effective at the market open on Monday, July 14, 2025, will see the number of outstanding Class A shares decrease from approximately 27.4 million to 783,376. The reverse split is designed to increase the share price to meet Nasdaq's standards, ensuring the company's continued listing on the prestigious exchange.
The reverse share split will not require any action from shareholders, as adjustments will be automatically reflected in their accounts. Notably, no fractional shares will be issued; instead, any fractions resulting from the split will be rounded up. The authorized share capital of Fusion Fuel Green will remain unchanged at 100 million shares, with the nominal value per share adjusted to $0.0035. This adjustment is a critical measure for the company to maintain its Nasdaq listing, which is vital for investor confidence and access to capital markets.
Fusion Fuel Green PLC, through its subsidiaries Al Shola Gas and BrightHy, is carving a niche in the energy services sector. Al Shola Gas specializes in comprehensive industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems. BrightHy, on the other hand, focuses on innovative hydrogen solutions aimed at decarbonizing hard-to-abate industries. This reverse share split underscores the company's commitment to strengthening its market position and continuing its trajectory as an emerging leader in the energy sector.
For further details on the reverse share split and its implications, interested parties can view the full press release here. This move by Fusion Fuel Green PLC is a pivotal moment in its corporate strategy, reflecting its dedication to compliance, operational excellence, and long-term growth in the evolving energy landscape.
