Fusion Fuel Green (HTOO) said in a regulatory filing Friday it has launched an offering on behalf of selling shareholder Keystone Capital Partners to sell up to approximately 6.2 million class A ordinary shares of the company.
The company will not receive any proceeds from the offering and may get up to $25 million in total gross proceeds under the purchase agreement it signed with the selling stockholder of up to about 5.8 million of its class A ordinary shares, Fusion Fuel said in a Form F-3 filed with the US Securities and Exchange Commission.
Fusion Fuel shares were up 2.5% in recent Friday trading.
Price: 0.27, Change: +0.01, Percent Change: +2.53
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