FuelCell Energy Enters Material Definitive Agreement

TL;DR

FCEL just signed a big deal, details TBD.

AI Summary

On August 2, 2024, FuelCell Energy, Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or financial terms, but indicates a significant event for the company.

Why It Matters

This filing signals a significant new contract or partnership for FuelCell Energy, which could impact its future revenue and operational strategy.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.

Key Players & Entities

• FuelCell Energy, Inc. (company) — Registrant
• August 2, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value per share FCEL The Nasdaq
• $149,000 — nd Additional Premises of approximately $149,000 CAD per year, subject to annual increas

Filing Documents

• fcel-20240802x8k.htm (8-K) — 38KB
• 0001558370-24-010733.txt ( ) — 158KB
• fcel-20240802.xsd (EX-101.SCH) — 3KB
• fcel-20240802_lab.xml (EX-101.LAB) — 18KB
• fcel-20240802_pre.xml (EX-101.PRE) — 11KB
• fcel-20240802x8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Effective as of August 2, 2024, Versa Power Systems Ltd. ("Versa"), a wholly owned subsidiary of FuelCell Energy, Inc. ("Company"), and 52 nd Street Business Centre LP, by its General Partner, 52 nd Street Business Centre GP Inc. (the "Landlord") entered into a Lease Expansion and Amending Agreement (the "Lease Expansion and Amendment") to the existing lease between the parties, which was originally entered into on May 20, 2005 by the Landlord's predecessor in interest, Westpen Properties Ltd., amended on April 20, 2006, renewed on November 11, 2010, extended and amended on October 29, 2013, November 9, 2016, and January 10, 2020, expanded, extended and amended on January 5, 2023, expanded and amended on February 20, 2023, and amended on September 25, 2023 (as amended by all amendments, renewals, extensions, and expansions, including the Lease Expansion and Amendment, the "Lease"). The Lease covers the original premises comprised of approximately 32,000 square feet located at 4800 – 52 nd Street SE, Calgary, Alberta, Canada (the "Original Premises"), which is currently used as an office, research and development center and cell stack manufacturing facility for the Company's solid oxide platform, as well as the Additional Premises and the Second Additional Premises (in each case as defined below). As previously reported, in January 2023, Versa and the Landlord extended the term of the Lease through September 30, 2028 and expanded the space to be leased by Versa under the Lease to include an additional space located at 4800 – 52 nd Street SE, Calgary, Alberta, Canada and consisting of approximately 48,000 square feet (the "Additional Premises"). In addition, as previously reported, in February 2023, Versa and the Landlord further expanded the space to be leased by Versa under the Lease to include another additional space located at 4800 – 52 nd Street SE, Calgary, Alberta, Canada. consisting of approximately 18,

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FUELCELL ENERGY, INC. Date: August 2, 2024 By: /s/ Michael S. Bishop Michael S. Bishop Executive Vice President, Chief Financial Officer, and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR