Fusion Fuel Green PLC announced on January 31, 2025, that Nasdaq has approved the company’s application to transfer its Class A Ordinary Shares and publicly-traded warrants to The Nasdaq Capital Market. This transfer will become effective at the opening of business on February 3, 2025.
In connection with this transfer, Fusion Fuel has been granted an additional 180 calendar day period, extending until July 28, 2025, to regain compliance with Nasdaq’s minimum $1.00 bid price per share requirement. The company intends to take all necessary steps, including a reverse share split if needed, to meet this requirement.
The company also reported that on January 10, 2025, it received a letter from Nasdaq notifying it of non-compliance with the Annual Meeting Requirement. This is due to the company not having held an annual meeting of shareholders within twelve months of the end of its fiscal year ended December 31, 2023.
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