Fusion Fuel Green PLC (Nasdaq: HTOO) has taken a significant step towards regaining compliance with Nasdaq's minimum bid price requirement by announcing a 1-for-35 reverse share split of its Class A Ordinary Shares. This strategic move, effective at the market open on Monday, July 14, 2025, aims to adjust the company's share structure without altering the authorized share capital, which remains at 100 million shares. The reverse split will reduce the number of outstanding Class A shares from approximately 27.4 million to 783,376, with the nominal value per share adjusted to $0.0035. Shareholders will see the changes automatically reflected in their accounts, with no action required on their part.
The implications of this reverse share split are multifaceted. For Fusion Fuel Green, it represents a proactive measure to maintain its listing on the Nasdaq, a critical platform for accessing capital and ensuring liquidity for its shareholders. For the market and investors, this move signals the company's commitment to adhering to regulatory standards and its determination to remain a competitive player in the energy services sector. The adjustment in share price post-split could also make the stock more attractive to a broader range of investors, potentially enhancing market participation and liquidity.
For more details on the announcement, visit https://ibn.fm/4IlCY.
