Fusion Fuel Issues Damages Claim Against Hydrogenial S.A. for Failure to Fund $33.5 Million Subscription Agreement; Announces Insolvency of Portuguese Subsidiary
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Fusion Fuel Green Plc has filed a damages claim against Hydrogenial S.A. for not fulfilling a $33.5 million funding agreement. Additionally, Fusion Fuel announced the insolvency of its Portuguese subsidiary.
November 14, 2024 | 9:30 pm
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Fusion Fuel Green Plc is pursuing legal action against Hydrogenial S.A. for failing to fund a $33.5 million agreement, and has announced the insolvency of its Portuguese subsidiary.
The failure of Hydrogenial S.A. to fund the agreement could lead to financial strain on Fusion Fuel, impacting its operations and stock negatively. The insolvency of the Portuguese subsidiary further exacerbates the situation, indicating potential financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100