Fusion Fuel Green PLC announced that it has entered into a securities purchase agreement to issue convertible promissory notes for a principal amount of $20 million and warrants on November 21, 2023. The transaction will include participation from new investor, Belike Nominees Pty Ltd. The notes will bear a interest rate of 4%. The minimum conversion price shall be set at $0.20 provided that if at any time while the placement note is outstanding, the three day VWAP of the class A ordinary shares is less than $0.20, then the minimum conversion price shall thereafter equal $0.05.
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- Fusion Fuel Green PLC announced that it expects to receive $20 million in funding from Belike Nominees Pty Ltd