Fusion Fuel regains Nasdaq compliance, continues trading as HTOO

Published 06/08/2025, 11:34
Fusion Fuel regains Nasdaq compliance, continues trading as HTOO

DUBLIN - Fusion Fuel Green PLC (NASDAQ:HTOO), currently trading at $4.94 with a market capitalization of $4.18 million, has regained full compliance with all Nasdaq listing requirements, according to a formal confirmation received from the Nasdaq Hearings Panel, the company announced Wednesday.

In a letter dated August 5, the Nasdaq Hearings Advisor informed Fusion Fuel that it had successfully met both the Annual Shareholder Meeting Rule following completion of its 2025 Annual General Meeting and demonstrated compliance with the Bid Price Rule.

The confirmation satisfies all conditions previously outlined by the Nasdaq Hearings Panel, allowing the company to continue trading on the Nasdaq Capital Market under its existing ticker symbol.

"We are pleased to have officially regained full compliance with Nasdaq’s listing requirements," said John-Paul Backwell, CEO of Fusion Fuel, in a statement released by the company.

Fusion Fuel Green PLC, which describes itself as a provider of integrated energy solutions, operates through its Al Shola Gas and BrightHy Solutions platforms. The company’s business spans from LPG supply to hydrogen solutions, supporting decarbonization across multiple sectors.

The announcement comes as part of a press release statement issued by the company, which included forward-looking statements regarding its future operations and performance.

In other recent news, Fusion Fuel Green PLC has announced significant developments. The company reported that its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, secured new contracts for liquefied petroleum gas (LPG) systems and supply in Dubai. These contracts, confirmed in July 2025, include projects valued at over AED 1.9 million (approximately $517,000). Additionally, Fusion Fuel received the first payment of €370,100 from the sale of its former 50% stake in P2X Spain Sociedad Limitada to EREE Desarrollos Empresariales, S.L., with the transaction expected to total €515,100.

Fusion Fuel’s hydrogen advisory subsidiary, Bright Hydrogen Solutions Ltd, has also entered into an agency agreement with Houpu Global Clean Energy Co., Ltd., to promote hydrogen products in Iberia and Latin America. This partnership aims to enhance the deployment of hydrogen refueling infrastructure and integrated hydrogen systems across these regions. Furthermore, Fusion Fuel has taken steps to regain compliance with Nasdaq listing requirements by implementing a 1-for-35 reverse stock split of its Class A Ordinary Shares, aiming to meet the minimum bid price requirement of $1.00 per share. These recent developments highlight Fusion Fuel’s ongoing efforts to expand its operations and maintain its market presence.

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