Fusion Fuel Green PLC announced on March 4, 2025, the closing of a $1.3 million private placement of senior convertible notes with institutional investors. This financing further solidifies the company's financial position.
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. These notes mature in August 2026 and carry an 8% annual interest rate.
In connection with this financing, the company also issued warrants to the noteholders, providing additional equity participation. The proceeds from this financing are expected to provide additional working capital for Fusion Fuel's operations.
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