Fusion Fuel Green (HTOO) Registration Filing summary

Company overview and business model

• Operates as a full-service energy and utilities solutions provider in hydrogen and gas sectors, with a focus on green hydrogen technologies and LPG distribution in the Middle East.

• Offers advisory, engineering, equipment sales, and project management for hydrogen projects, and services over 36,000 LPG customers through its subsidiary Al Shola Gas.

• Expanded into traditional and clean energy sectors through the acquisition of a controlling interest in Quality Industrial Corp. in November 2024.

• Aims for sustainable growth by leveraging existing gas infrastructure and expanding hydrogen engineering and advisory services.

Financial performance and metrics

• As of May 22, 2025, there were 24,244,174 Class A Ordinary Shares outstanding, with 19,541,765 held by non-affiliates.

• The last reported sale price of Class A Ordinary Shares on Nasdaq was $0.32 on May 22, 2025.

• The audit report for the year ended December 31, 2024, raises substantial doubt about the company's ability to continue as a going concern due to operating losses.

Use of proceeds and capital allocation

• May receive up to $25,000,000 in gross proceeds from sales of Class A Ordinary Shares to Keystone Capital Partners under the Purchase Agreement.

• 25% of any gross proceeds must be used to pay outstanding interest, dividends, and principal on company obligations at a rate of 120% of the greater of the outstanding obligations or intrinsic value.

• Remaining proceeds are intended for working capital, strategic, and general corporate purposes, with allocation between the company and QIND as required by a prior agreement.