Fusion Fuel Green PLC announced on July 23, 2025, that it has entered into a definitive agreement for a private placement (PIPE) with investors, securing aggregate gross proceeds of $4.3 million. Under this Securities Purchase Agreement, Fusion Fuel will issue and sell Class A Ordinary Shares and warrants.
A primary use of the net proceeds from this offering is to fully repay any indebtedness under its outstanding Senior Convertible Notes dated January 10, 2025, and March 3, 2025. The remaining funds will support general corporate and working capital purposes, as well as transaction-related costs.
In connection with the PIPE, the company also entered into agreements with holders of the 2025 Notes. These agreements provide for the amendment of the 2025 Notes to remove certain restrictive covenants and allow for their early repayment, which simplifies Fusion Fuel's capital structure and enhances financial flexibility.
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