Fusion Fuel Green PLC announced on November 28, 2024, the introduction of Series A Convertible Preferred Shares. These shares are designed to offer investors specific preferences and benefits.
The preferred shares have a nominal value of $0.0001 each, with a total issuance of over 4.17 million shares. They are structured to maintain parity with Class A Ordinary Shares upon liquidation.
A key feature of these preferred shares is their automatic convertibility into Class A Ordinary Shares, which will occur upon receiving shareholder approval. This mechanism provides a pathway for future equity conversion.
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