Fusion Fuel Green Notes Convert to Shares
Ticker: HTOO · Form: 6-K · Filed: Jul 30, 2025 · CIK: 1819794
Sentiment: neutral
Topics: debt-conversion, equity-issuance, convertible-notes
TL;DR
Fusion Fuel Green's $2.87M in convertible notes are being converted into over 545K shares.
AI Summary
On July 22, 2025, Fusion Fuel Green PLC announced that holders of its Senior Convertible Notes, issued on January 10, 2025, and March 3, 2025, submitted conversion notices. These notices aim to convert the outstanding aggregate balance of $2,868,759 into 545,714 Class A ordinary shares of the Company.
Why It Matters
This conversion reduces the company's outstanding debt and increases its share count, potentially impacting future earnings per share and stock dilution.
Risk Assessment
Risk Level: medium — The conversion of convertible notes into shares can lead to dilution for existing shareholders and indicates potential financial pressure or a strategic decision to reduce debt.
Key Numbers
- $2.87B — Convertible Notes Balance (Amount being converted into equity)
- 545,714 — Shares Issued (Number of shares resulting from the conversion)
Key Players & Entities
- Fusion Fuel Green PLC (company) — Issuer of convertible notes and shares
- $2,868,759 (dollar_amount) — Aggregate balance of convertible notes to be converted
- 545,714 (dollar_amount) — Aggregate number of Class A ordinary shares to be issued
- January 10, 2025 (date) — Date of Senior Convertible Notes issuance
- March 3, 2025 (date) — Date of Senior Convertible Notes issuance
- July 22, 2025 (date) — Date conversion notices were submitted
FAQ
What is the conversion price per share for the Senior Convertible Notes?
The filing states that $2,868,759 in aggregate balance is being converted into 545,714 shares, implying a conversion price of approximately $5.26 per share ($2,868,759 / 545,714).
What is the total number of Class A ordinary shares outstanding after this conversion?
The filing does not provide the total number of outstanding shares, so this cannot be determined from the provided text.
Are there any other outstanding convertible notes or debt instruments?
The filing specifically mentions 'certain Senior Convertible Notes' and does not provide information on other debt instruments.
What is the reason for the conversion of these notes?
The filing states that holders submitted conversion notices, but does not specify the underlying reason for their decision to convert.
When were the Senior Convertible Notes originally issued?
The Senior Convertible Notes were issued on January 10, 2025, and March 3, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on July 30, 2025 regarding Fusion Fuel Green PLC (HTOO).