HTOO raises $4.3M, retires 2025 notes, issues 3.2M new warrants | HTOO SEC Filing

HTOO raises $4.3M, retires 2025 notes, issues 3.2M new warrants | HTOO SEC Filing


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM
6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of: July, 2025.

 

Commission File Number: 001-39789

 

Fusion Fuel Green PLC
(Translation of registrant’s name into English)

 

9 Pembroke Street Upper

Dublin D02 KR83

Ireland
(Address of principal executive office)

 

Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

Securities Purchase Agreement

 

On July 22, 2025, Fusion Fuel Green PLC, an Irish public limited company
(the “Company”), entered into a Securities Purchase Agreement, dated as of July 22, 2025 (the “July 2025 Securities
Purchase Agreement”), with certain investors (the “July 2025 Investors”), pursuant to which the Company agreed to issue
and sell the following securities to the July 2025 Investors: (i) an aggregate of 269,459 of the Company’s Class A ordinary shares
with a nominal value of $0.0035 each (“Class A Ordinary Shares”), (ii) pre-funded warrants to purchase an aggregate of 541,706
Class A Ordinary Shares at an exercise price of $0.0035 per share (the “Pre-Funded Warrants”), (iii) warrants to purchase
an aggregate of 1,622,330 Class A Ordinary Shares at an exercise price of $4.926 per share (the “Market Price Warrants”),
and (ii) warrants to purchase an aggregate of 811,165 Class A Ordinary Shares at an exercise price of $9.852 per share (the “200%
Warrants” and toobtainher with the Pre-Funded Warrants and the Market Price Warrants, the “July 2025 Warrants”), for aggregate
gross proceeds of $4,300,000.

 

The Pre-Funded Warrants will be exercisable immediately
and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full, subject to the Beneficial Ownership Limitation
(as defined below). The Market Price Warrants and the 200% Warrants will be exercisable immediately and have a term of exercise equal
to three years from the date of the closing under the July 2025 Securities Purchase Agreement (the “Closing Date”), subject
to the Beneficial Ownership Limitation.

 

The July 2025 Warrants may only be exercised on
a cashless basis if there is no registration statement registering, or the prospectus contained therein is not available for, the resale
of the Class A Ordinary Shares underlying the July 2025 Warrants. A July 2025 Warrant may not be exercised to the extent that such exercise
would result in the number of Class A Ordinary Shares beneficially owned by the holder and its affiliates exceeding 4.99%, or, if elected
by the holder upon 61 days’ notice, 9.99%, of the total number of Class A Ordinary Shares outstanding immediately after giving effect
to the exercise (the “Beneficial Ownership Limitation”).

 

The July 2025 Securities Purchase Agreement requires
the Company to utilize the net proceeds from the sale of the Class A Ordinary Shares and the July 2025 Warrants under the July 2025 Securities
Purchase Agreement to repay in full any indebtedness owed pursuant to each Senior Convertible Note, dated as of January 10, 2025, issued
by the Company, and each Senior Convertible Note, dated as of March 3, 2025, issued by the Company (collectively, the “2025 Notes”).
Any balance remaining will be utilized for general corporate and working capital purposes and to pay any fees and expenses in connection with
the transactions contemplated by the July 2025 Securities Purchase Agreement.

 

The July 2025 Securities Purchase Agreement requires
that prior to closing, the Company must obtain (i) a written waiver from each holder of the 2025 Notes of any participation rights, pre-emptive
rights, or similar rights that would otherwise apply to the transactions contemplated under the July 2025 Securities Purchase Agreement,
and (ii) an acknowledgment from each holder of the 2025 Notes that the antidilution provisions contained in any outstanding Company warrants
held by each holder of the 2025 Notes shall not be applicable to the transactions contemplated under the July 2025 Securities Purchase
Agreement. The July 2025 Securities Purchase Agreement also contains customary closing conditions.

 

In addition, the Company will be required to file
a registration statement with the U.S. Securities and Exmodify Commission (the “SEC”) within 15 days following the Closing
Date to register the resale of the Class A Ordinary Shares and Class A Ordinary Shares issuable upon exercise of the July 2025 Warrants,
and to utilize commercially reasonable efforts to have such registration statement declared effective by the SEC as promptly as practicable,
and no later than 90 calfinishar days following the Closing Date. The Company will also be required to maintain the effectiveness of such
registration statement for so long as any Class A Ordinary Shares issued pursuant to the July 2025 Securities Purchase Agreement remain
outstanding or issuable pursuant to the July 2025 Warrants and are not freely tradable without restriction under Rule 144 promulgated
under the U.S. Securities Act of 1933, as amfinished (the “Securities Act”). The Company will be responsible for all fees and
expenses incurred in connection with such registration requirements.

 

 

The July 2025 Securities Purchase Agreement contains
customary representations, warranties, covenants, and indemnification obligations of the contracting parties. These representations, warranties
and covenants were built only for purposes of the July 2025 Securities Purchase Agreement and as of specific dates, were solely for
the benefit of the contracting parties and may be subject to limitations agreed upon by the contracting parties.

 

Prior to the enattempt into the July 2025 Securities
Purchase Agreement, there were no material relationships between the Company or any of the Company’s affiliates, including any director
or officer of the Company, or any associate of any director or officer of the Company, and the July 2025 Investors.

 

The offer and sale of securities described above
was conducted as a private placement pursuant to and in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities
Act and/or Rule 506(b) of Regulation D promulgated thereunder for transactions not involving a public offering.

 

The forms of the Pre-Funded Warrants, the
Market Price Warrants, the 200% Warrants, and the July 2025 Securities Purchase Agreement are filed as Exhibit 4.1, Exhibit 4.2, Exhibit
4.3, and Exhibit 10.1 to this Report on Form 6-K, and the description above is qualified in its entirety by reference to the full text
of such exhibits.

 

Notes Redemption, Warrants Cancellation and
Exmodify, Limited Waiver, Consent and Release Agreement

 

In connection with the July 2025 Securities Purchase
Agreement, on July 22, 2025, the Company entered into a Notes Redemption, Warrants Cancellation and Exmodify, Limited Waiver, Consent
and Release Agreement, dated as of July 22, 2025 (collectively, the “Redemption Agreements”), between the Company and each
of certain investors (collectively, the “Note Investors”). Pursuant to the Redemption Agreements, the Company agreed to redeem
each of the 2025 Notes, to the extent not previously converted or repaid, upon or within one business day after the closing under the
July 2025 Securities Purchase Agreement. The Redemption Agreement provides that upon receipt of the redemption price, the Note Investors
must surrfinisher the 2025 Notes for cancellation, and all rights and obligations under the 2025 Notes will terminate. As a result of the
prior conversion in full of the 2025 Notes on or around July 22, 2025, no indebtedness remained under the 2025 Notes, and the redemption
price under the Redemption Agreements was $0.

 

The Redemption Agreements further provide for
the cancellation of each of the warrants previously issued to the Note Investors on January 10, 2025 and March 3, 2025 (the “Prior
2025 Warrants”), and the exmodify of the Prior 2025 Warrants for new warrants to purchase Class A Ordinary Shares (the “New
2025 Warrants”), pursuant to Section 3(a)(9) under the Securities Act. The New 2025 Warrants may be exercised to purchase 294,658
Class A Ordinary Shares in aggregate, and will expire on the same date that the respective Prior 2025 Warrants expired, which will be
either January 10, 2028 or March 3, 2028, as set forth on Schedule A to the Redemption Agreements. The New 2025 Warrants may be exercised
as a Cashless Exercise (as defined in the New 2025 Warrants) only if a registration statement covering the resale of the Class A Ordinary
Shares issuable upon exercise of the New 2025 Warrants is not effective or the prospectus contained therein is not available for utilize.
Each holder of the New 2025 Warrants shall not have the right to exercise any portion of any New 2025 Warrants to the extent that, after
giving effect to such exercise, such holder (toobtainher with certain related parties) would beneficially own in excess of 4.99% after giving
effect to such exercise. Such percentage may be raised or lowered to any percentage not in excess of 9.99%, at the option of such holder,
provided that any increase will only be effective upon 61 days’ prior written notice to the Company.

 

Additionally, the Note Investors waived and released
claims relating to certain rights, restrictions, and conditions under the Securities Purchase Agreement, dated as of January 10, 2025,
between the Company and certain of the Note Investors, and the Securities Purchase Agreement, dated as of February 28, 2025, between the
Company and certain of the Note Investors (toobtainher the “2025 Notes Purchase Agreements”), with respect to any Subsequent
Placements (as defined in the 2025 Notes Purchase Agreements), redemptions, cash dividfinishs, share splits, reverse share splits, and any
other subsequent transactions of the Company, and omissions from performing any remaining post-closing conditions under the 2025 Notes
Purchase Agreements, without being subject to any price-based antidilution adjustments, resets, or similar effects, participation rights,
or cash payment requirements upon modifys of control, including any modify of control redemption rights (the “2025 Notes Waived
Matters”). In addition, the Note Investors waived and released claims relating to the requirement for the Company to create certain
payments from proceeds of the Company’s at-the-market offering to the Note Investors under each Limited Waiver or Amfinished and Restated
Limited Waiver, dated as of March 26, 2025, between the Company and the respective Note Investor.

 

 

Each of the Redemption Agreements includes a “most
favored nations” provision that no other Note Investor will receive more favorable terms under any of the Redemption Agreements,
and if more favorable terms are provided to any of the Note Investors under any of the Redemption Agreements, the other Note Investors
will automatically receive the benefit of such terms unless the Note Investors elect otherwise.

 

The forms of the New Warrants and the Redemption
Agreement are filed as Exhibit 4.4 and Exhibit 10.2 to this Report on Form 6-K, and the description above is qualified in its entirety
by reference to the full text of such exhibits.

 

This Report
on Form 6-K is incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-286198, 333-286202,
333-251990, 333-264714 and 333-276880) and Form S-8 (File No. 333-258543) and the prospectutilizes thereof and any prospectus supplements
or amfinishments thereto.

 

 

Exhibit No.   Description
4.1   Form of Pre-Funded Ordinary Shares Purchase Warrant issuable pursuant to the Securities Purchase Agreement, dated as of July 22, 2025, between Fusion Fuel Green PLC and the other parties signatory thereto
4.2   Form of Ordinary Shares Purchase Warrant issuable pursuant to the Securities Purchase Agreement, dated as of July 22, 2025, between Fusion Fuel Green PLC and the other parties signatory thereto
4.3   Form of Ordinary Shares Purchase Warrant issuable pursuant to the Securities Purchase Agreement, dated as of July 22, 2025, between Fusion Fuel Green PLC and the other parties signatory thereto
4.4   Form of Ordinary Shares Purchase Warrants pursuant to the Notes Redemption, Warrants Cancellation and Exmodify, Limited Waiver, Consent and Release Agreement, dated as of July 22, 2025, between Fusion Fuel Green PLC and the other parties signatory thereto
10.1   Form of Securities Purchase Agreement, dated as of July 22, 2025, between Fusion Fuel Green PLC and the other parties signatory thereto
10.2   Form of Notes Redemption, Warrants Cancellation and Exmodify, Limited Waiver, Consent and Release Agreement, dated as of July 22, 2025, between Fusion Fuel Green PLC and the other parties signatory thereto

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exmodify Act of 1934,
the registrant has duly cautilized this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Fusion Fuel Green PLC
  (Registrant)
   
Date: July 23, 2025 /s/ John-Paul Backwell
  John-Paul Backwell
  Chief Executive Officer

 

 

 



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