Fusion Fuel Green PLC announced on February 6, 2025, that the Nasdaq Hearings Panel has found the company in compliance with Nasdaq Listing Rule 5550(b)(1). This rule requires a minimum stockholders' equity of $2,500,000, a threshold Fusion Fuel has now met.
The Panel also granted the company's request for an exception to evidence compliance with other applicable criteria for continued listing on The Nasdaq Stock Market LLC. This decision follows a Nasdaq hearing held on January 7, 2025.
As part of the Panel's decision, Fusion Fuel is required to demonstrate compliance with Nasdaq Listing Rule 5620(a) by June 29, 2025, which mandates holding an annual shareholder meeting. Additionally, by July 28, 2025, the company must comply with Nasdaq Listing Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share.
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