FuelCell Energy, Inc. Announces Special Stockholder Meeting
August 20 2024 - 8:00AM
FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it plans
to hold a special meeting of its stockholders (the “Special
Meeting”) on October 31, 2024 to consider and vote on a proposal to
authorize the Company’s Board of Directors (the “Board”) to effect
a reverse stock split of the Company’s common stock through an
amendment to the Company’s Certificate of Incorporation, as
amended.
Holders of record of the Company’s common stock as of the close
of business on September 10, 2024 will be entitled to receive
notice of and to vote at the Special Meeting. Details regarding the
Special Meeting will be made available to stockholders at a later
date in a proxy statement to be filed by the Company with the
Securities and Exchange Commission. About FuelCell
EnergyFuelCell Energy, Inc. is focused on advancing
sustainable clean energy technologies that address some of the
world’s most critical challenges around energy access, security,
resilience, reliability, affordability, safety and environmental
stewardship. As a leading global manufacturer of proprietary fuel
cell technology platforms, FuelCell Energy is uniquely positioned
to serve customers worldwide with sustainable products and
solutions for industrial and commercial businesses, utilities,
governments, municipalities, and communities.
Cautionary Note Regarding Forward-Looking
StatementsThis release contains forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 regarding future events or
the Company’s future performance that involve certain contingencies
and uncertainties. The forward-looking statements include, without
limitation, the Company’s plans and expectations regarding the
proposed Special Meeting and the proposal to authorize the Board to
effect a reverse stock split of the Company’s common stock through
an amendment to the Company’s Certificate of Incorporation, as
amended. These forward-looking statements are not guarantees of
future performance, and all forward-looking statements are subject
to risks and uncertainties that could cause actual results to
differ materially from those projected. Factors that could cause
such a difference include, without limitation, the risks set forth
in the Company’s filings with the Securities and Exchange
Commission, including the Company’s Annual Report on Form 10-K for
the fiscal year ended October 31, 2023 and the Company’s Quarterly
Report on Form 10-Q for the fiscal quarter ended April 30, 2024.
The forward-looking statements contained herein speak only as of
the date of this release. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any such statement contained herein to reflect any
change in the Company’s expectations or any change in events,
conditions or circumstances on which any such statement is
based.
Additional Information and Where to Find ItThis
communication may be deemed to be solicitation material with
respect to the Special Meeting and the proposal, to be submitted to
the Company’s stockholders for consideration at the Special
Meeting, to authorize the Board to effect a reverse stock split of
the Company’s common stock through an amendment to the Company’s
Certificate of Incorporation, as amended. In connection with the
Special Meeting, the Company intends to file proxy materials with
the Securities and Exchange Commission (the “SEC”), including a
preliminary proxy statement and a definitive proxy
statement. Stockholders of the Company and other
interested persons are urged to read all relevant documents filed
with the SEC when they become available, including the preliminary
and definitive proxy statements to be filed in connection with the
Special Meeting, because they will contain important information
about the Special Meeting and the proposal to authorize the Board
to effect a reverse stock split of the Company’s common stock
through an amendment to the Company’s Certificate of Incorporation,
as amended. Stockholders will be able to obtain such
documents (if and when available) free of charge at the SEC’s
website at www.sec.gov, or free of charge from the Company by
directing a request to Joshua Dolger, Corporate Secretary, 3 Great
Pasture Road, Danbury, Connecticut 06810.
Participants in the SolicitationThe Company and
its directors, executive officers and other members of management
and employees may be deemed, under SEC rules, to be “participants”
in the solicitation of proxies from stockholders of the Company
with respect to the proposals to be submitted to the Company’s
stockholders at the Special Meeting. Information about the
Company’s directors and executive officers is set forth in the
Company’s Definitive Proxy Statement on Schedule 14A for its 2024
Annual Meeting of Stockholders, which was filed with the SEC on
February 16, 2024, as supplemented by the Supplement to Definitive
Proxy Statement filed with the SEC on March 6, 2024. To the extent
holdings of the Company’s securities by its directors or executive
officers have changed from the amounts set forth in such Definitive
Proxy Statement, as supplemented, such changes have been or will be
reflected on Statements of Change in Ownership on Form 4 filed with
the SEC. Additional information regarding the direct or indirect
interests, by security holdings or otherwise, of the participants
in the solicitation, which may, in some cases, be different than
those of the Company’s stockholders generally, will be set forth in
the preliminary and definitive proxy statements to be filed in
connection with the Special Meeting.
Contact:
Press Contact
FuelCell EnergyKathleen Blomquistkblomquist@fce.com
Investor Relations Contact
FuelCell EnergyTom Gelstontgelston@fce.com
FuelCell Energy (NASDAQ:FCEL)
Historical Stock Chart
From Jul 2024 to Aug 2024
FuelCell Energy (NASDAQ:FCEL)
Historical Stock Chart
From Aug 2023 to Aug 2024