[144/A] Hovnanian Enterprises, Inc. SEC Filing

Rhea-AI Filing Summary

Fusion Fuel Green PLC (HTOO) has filed a Form D for a completed Regulation D Rule 506(b) private placement.

• Total offering: $4.3 million in equity, warrants/rights and the securities issuable upon exercise.
• Amount sold: $4.3 million; remaining: $0.
• First sale: 22 Jul 2025; the offering will not extend beyond one year.
• Investors: 6 (no disclosure of any non-accredited participants).
• Fees: No sales commissions or finder’s fees; minimum investment set at $0.
• Use of proceeds: None of the funds are allocated to directors, officers or promoters.
• Issuer size: Revenue “Decline to Disclose”; industry tagged as “Other Energy.”

The filing confirms that HTOO secured $4.3 million in fresh capital at no explicit placement cost, enhancing liquidity while avoiding public-market dilution mechanics. Limited financial details are provided, so investors only know that cash has been raised and all securities have already been placed under the Rule 506(b) exemption.

Positive

• $4.3 M fully subscribed, providing immediate liquidity to the company.
• No sales commissions or finder’s fees, so gross equals net proceeds.
• No proceeds allocated to insiders, lowering conflict-of-interest concerns.

Negative

• Issuer declined to disclose revenue size, limiting insight into financial scale.
• Equity issuance implies dilution without accompanying valuation details.
• Minimal disclosure on use of funds, reducing transparency for investors.

Insights

Financial Analyst

TL;DR: $4.3 M cash raised privately, no fees, boosts liquidity; impact modest but directionally positive.

This Form D shows HTOO completed a $4.3 million equity and warrant financing with six accredited investors under Rule 506(b). The absence of commissions or finders’ fees means gross proceeds equal net proceeds, an efficient raise for a micro-cap. Because proceeds are not earmarked for insiders, the cash should flow to operations or growth spending, although the filing gives no breakdown. Given HTOO’s historical capital intensity in green hydrogen projects, an extra $4.3 million modestly lengthens its runway but is unlikely to be transformational. Overall liquidity improves, share count rises, and there is no immediate regulatory overhang.

Corporate Governance Expert

TL;DR: Governance neutral—standard Reg D raise, no insider payments, limited disclosure.

From a governance lens, the filing is routine: standard Rule 506(b) exemption, duly signed by CEO John-Paul Backwell. Notably, zero proceeds are directed to executives, reducing conflict-of-interest risk. However, the company declined to disclose revenue and provides no valuation or use-of-funds detail, limiting shareholder visibility. While not negative, transparency could be stronger, especially for an issuer that trades publicly.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	750	82490.70	5068858	07/07/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	06/14/2024	Restricted Stock Vesting	Issuer			750	06/14/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Nothing to Report

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How much capital did Fusion Fuel Green PLC (HTOO) raise in this Form D?

HTOO reported $4.3 million in total offering amount, all of which has already been sold.

What type of securities were issued in the HTOO private placement?

The company issued equity, warrants/rights, and the underlying securities exercisable under those rights.

Were any sales commissions or finder’s fees paid by Fusion Fuel Green PLC?

No. The filing lists $0 for both sales commissions and finder’s fees.

When did the first sale occur and will the offering last more than one year?

The first sale took place on 22 July 2025, and the issuer states the offering will not last more than one year.

How many investors participated in the offering?

The Form D discloses a total of 6 investors.

Is any portion of the proceeds earmarked for Fusion Fuel executives or directors?

No. The company indicates $0 of the proceeds will be paid to executives, directors or promoters.