Core Viewpoint - Fusion Fuel Green PLC has received approval from Nasdaq to transfer its Class A Ordinary Shares and publicly-traded warrants to The Nasdaq Capital Market, effective February 3, 2025, providing the company with additional time to regain compliance with listing requirements [1][4]. Group 1: Nasdaq Transfer and Compliance - The transfer to The Nasdaq Capital Market grants the company an additional 180 calendar days, until July 28, 2025, to meet the minimum bid price requirement of 1.00 for ten consecutive business days during this period, the company will receive written confirmation of compliance [2]. Group 2: Annual Meeting Requirement - The company was notified that it no longer complies with Nasdaq Listing Rule 5620(a) due to not holding an annual meeting of shareholders within twelve months of the fiscal year-end on December 31, 2023 [3]. - There is uncertainty regarding the company's ability to regain compliance with both the minimum bid price and annual meeting requirements [3]. Group 3: Company Operations and Strategy - The company does not expect a material impact on its equity trading due to the transfer, as both markets operate similarly [4]. - The CEO expressed confidence in the transfer and the additional time to regain compliance, emphasizing a renewed focus on strategic initiatives and delivering value to shareholders [4]. - Fusion Fuel Green PLC is positioned as a leader in the energy services sector, offering energy engineering and advisory solutions through its subsidiaries, Al Shola Gas and BrightHy [5].
Fusion Fuel to Transfer Equity Listing to The Nasdaq Capital Market; Receives Extension to Comply with Bid Price Rule