Fusion Fuel Green issues lower-priced warrants for 3,015,952 shares in exchange deal
HTOO•Fusion Fuel Green exchanged existing warrants for new warrants covering 3,015,952 Class A ordinary shares, with exercise prices reduced to $0.50-$0.54 from $3.50-$6.864. Full cash exercise would generate about $1.54 million for working capital and general corporate purposes.
1. Warrant exchange terms
Under agreements dated November 10 and 13, Fusion Fuel Green exchanged existing warrants for new warrants covering 3,015,952 Class A ordinary shares. The new exercise prices range from $0.50 to $0.54 per share, compared with $3.50 to $6.864 previously. Full cash exercise would generate approximately $1.54 million for working capital and general corporate purposes.
2. Short expiration period
The new warrants expire two to 28 calendar days after their respective agreement dates. Investors have no obligation to exercise them.
