Fusion fuel receives staff determination notice from nasdaq, submits appeal request

Dublin, nov. 12, 2024 (globe newswire) -- fusion fuel green plc (“fusion fuel” or the “company”) today announced that the company received a letter (the “staff determination notice”) from the staff of the listing qualifications department (the “staff”) of the nasdaq stock market llc (“nasdaq”). the staff determination notice noted that on may 8, 2024, the staff had notified the company that it did not comply with the minimum $10,000,000 stockholders' equity requirement for continued listing set forth in nasdaq listing rule 5450(b)(1)(a), since the company's form 20-f for the fiscal year ended december 31, 2023, reported stockholders' equity of $3,022,125. the staff determination notice also noted that the company did not meet the continued listing requirements under the alternative standards for continued listing.
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