Fusion Fuel Green PLC announced on January 13, 2025, the closing of a $1.28 million senior convertible notes private placement with institutional investors. These notes were issued at a 20% original issue discount, mature in July 2026, and carry an 8% annual interest rate.
In addition to the convertible notes, Fusion Fuel has entered into an agreement for a $25 million equity line of credit with an institutional investor. This facility will provide the company with access to additional capital to support its operational and strategic growth initiatives, subject to certain conditions.
The proceeds from these financing activities are expected to strengthen the company’s balance sheet, provide working capital, and support key strategic and growth initiatives across its core markets. This capital infusion is a crucial first step for Fusion Fuel, providing the runway needed to advance several key initiatives.
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