Fusion Fuel Green is facing delisting from the Nasdaq stock exchange after its share price dropped below $1 per share for over 30 consecutive business days.
The electrolyser developer now has until January 29, 2025, to regain compliance with the Nasdaq Listing Rule 5550, and must have a closing bid price of at least $1 for a minimum of 10 consecutive business days.
The firm’s 630MW hydrogen production project it was developing in Portugal was recognised as an Important Project of Common European Interest (IPCEI) at the start of the year (2024). This led to a high share price of around $2.5 in February, however this fell to $0.74 as of August 7.
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