InvestmentAug 7, 2026, 05:36 PM
Fusion Fuel Green Raises $1.55M in Private Placement
AI Summary
Fusion Fuel Green PLC announced a private placement through a Securities Purchase Agreement, expecting to raise approximately $1.55 million in gross proceeds. The company will issue Class A Ordinary Shares, pre-funded warrants, and common warrants to certain investors at a purchase price of $2.55 per share equivalent. Additionally, the company entered a Letter Agreement with legal services provider Bevilacqua PLLC to settle an outstanding balance of over $637,000, which includes a 15% discount on certain services, the issuance of $100,000 in Class A Ordinary Shares, and a minimum cash payment of $250,000.
Key Highlights
- Fusion Fuel Green entered a Securities Purchase Agreement to raise approximately $1,550,000 in gross proceeds.
- The company will issue 431,367 Class A Ordinary Shares, 176,468 pre-funded warrants, and 619,194 common warrants.
- The purchase price was $2.55 per Class A Ordinary Share (or pre-funded warrant equivalent) and related common warrant.
- The company will use net proceeds for general corporate and working capital purposes.
- Fusion Fuel Green settled an outstanding balance of $637,157.36 owed to legal services provider Bevilacqua PLLC.
- A 15% discount was applied to $605,907.75 of non-SEC maintenance services, reducing it to $515,021.59.
- The company will issue $100,000 in Class A Ordinary Shares to BPLLC at a 20% discount to market price.
- A minimum of $250,000 cash will be paid to BPLLC for non-SEC maintenance services.
Price Impact
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