Fusion Fuel completes reverse stock split to regain nasdaq compliance

Fusion Fuel Green PLC (NASDAQ: HTOO) completed a 1-for-35 reverse stock split of its Class A Ordinary Shares, which began trading on a split-adjusted basis on July 14, 2025. The company said the action was taken to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.

The Dublin-based green hydrogen and integrated energy solutions provider also reported operational developments from its Al Shola Gas subsidiary. Between November 2024 and January 2025, Al Shola Gas recorded approximately $3.5 million in new orders and renewals. The subsidiary secured over $2.7 million in engineering and utility contracts between March and May 2025, and added more than 1,800 residential service contracts since January 2025.

In January and February 2025, Fusion Fuel secured approximately $2.58 million in financing from private placements of senior convertible notes and warrants, and signed a $25 million equity line agreement. The company acquired a controlling stake in Quality Industrial Corp. and its subsidiary Al Shola Gas following the 2024 insolvency filing of its Portuguese subsidiary.

Al Shola Gas is targeting approximately $20 million in revenue for 2025, according to the company's statement.

In May 2025, Fusion Fuel entered into non-binding terms to acquire a UK-based fuel distribution company through a transaction valued at approximately £50 million. The company's hydrogen solutions subsidiary, BrightHy Solutions, also entered into a non-exclusive agency agreement with Sungrow Hydrogen Sci. & Tech. Co. Ltd. to deploy electrolyzer solutions in Iberia.

CEO John-Paul Backwell stated that the company has "addressed legacy listing and liquidity issues, injected fresh capital, and built real growth momentum from Al Shola Gas's new orders, contract renewals, and recurring revenue."

You May Also Be Interested In

• Magnolia Said In Lead To Acquire Wildfire For Over $4 Billion - Bloomberg
• Corporación América Airports signs Brasilia concession amendment
• TNL Mediagene faces Nasdaq delisting over bid price and equity rules