STOCK TITAN

Joint 13G: 141,482 Shares and Warrants Disclosed in Fusion Fuel (HTOO)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Roxy Capital Corp and individual Eric Lazer jointly reported beneficial ownership of 141,482 Class A ordinary shares of Fusion Fuel Green PLC, representing 7.31% of the outstanding Class A shares based on 1,934,673 shares outstanding. Roxy Capital (a Cayman Islands entity) is the record holder and Mr. Lazer, a Canadian citizen, is identified as having sole voting and dispositive power over those shares as director of Roxy Capital. The filing also discloses two sets of three-year warrants to purchase additional Class A shares (141,482 at $4.926 and 282,964 at $9.852), but those warrants are subject to a Beneficial Ownership Limitation currently set at 4.99%, preventing exercise that would exceed that cap.

Positive

  • Material disclosure of a 7.31% stake (141,482 shares), which is informative for investors monitoring ownership concentration
  • Clear identification of voting and dispositive power held by Eric Lazer over Roxy Capital's shares, improving transparency
  • Disclosure of outstanding warrants with specific strike prices and share counts, allowing assessment of potential future issuance

Negative

  • Warrants currently non-exercisable due to a 4.99% beneficial ownership limitation, restricting immediate conversion and potential liquidity for the holder
  • Potential uncertainty around future dilution because warrant exercise is conditioned on the holder increasing the ownership cap via prior notice

Insights

TL;DR: A >5% stake is disclosed, increasing investor visibility and potential influence without immediate dilution from warrants.

The disclosed 7.31% stake is material for a small-cap issuer and may attract market attention. The reporting identifies both direct shareholdings and outstanding warrants, but the warrants are effectively constrained by a 4.99% beneficial ownership cap, meaning potential future equity dilution or control shifts from warrant exercises is limited unless the cap is raised. For valuation models, include 141,482 shares as outstanding held by related parties and treat warrant shares as contingent and currently non-dilutive under the stated limitation.

TL;DR: Joint filing clarifies control relationships and voting power; governance implications are notable but routine disclosure.

The statement clearly attributes sole voting and dispositive power to Eric Lazer over Roxy Capital's holdings and disclaims broader group affiliations. This transparency is positive for governance because it clarifies who can influence corporate actions. The presence of exercisable warrants with a beneficial ownership limitation is a governance control mechanism that restricts abrupt increases in influence via warrant exercise without issuer notice and approval processes tied to the cap adjustment.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: The response to Row 11 above is based on 1,934,673 outstanding Class A ordinary shares as of September 19, 2025, which information was obtained from the issuer.


SCHEDULE 13G




Comment for Type of Reporting Person: In addition to the 141,482 Class A Ordinary Shares held by the reporting person, the reporting person also holds 3 year warrants to purchase (i) 141,482 Class A Ordinary Shares with an exercise price of $4.926 per Class A Ordinary Share, and (ii) 282,964 Class A Ordinary Shares with an exercise price of $9.852. The Warrants are exercisable immediately, subject to the Beneficial Ownership Limitation (as defined below). A holder of the Warrants may not exercise any such Warrants to the extent that such exercise would result in the number of Shares beneficially owned by such holder and his or its affiliates exceeding 4.99% of the total number of Shares outstanding immediately after giving effect to the exercise, except that upon at least 61 days' prior notice from the holder to the Issuer, the holder may increase the beneficial ownership limitation to up to 9.99% of the number of Shares outstanding immediately after giving effect to the exercise (the "Beneficial Ownership Limitation"). The Reporting Person's Beneficial Ownership Limitation is currently set at 4.99% and, accordingly, the Reporting Person cannot exercise the Warrants and does not beneficially own any of the Shares underlying the Warrants.


SCHEDULE 13G



Roxy Capital Corp
Signature:/s/ Eric Lazer
Name/Title:Eric Lazer, Director
Date:09/29/2025
Eric Lazer
Signature:/s/ Eric Lazer
Name/Title:Eric Lazer
Date:09/29/2025
Exhibit Information

Exhibit 1 - Joint Filing Agreement

FAQ

How many Fusion Fuel Green PLC (HTOO) Class A shares do Roxy Capital and Eric Lazer report owning?

They report beneficial ownership of 141,482 Class A ordinary shares, representing 7.31% of the Class A shares outstanding.

Can Roxy Capital or Eric Lazer exercise the warrants to increase their ownership above 4.99%?

Not currently. The warrants contain a Beneficial Ownership Limitation set at 4.99%, preventing exercise to exceed that threshold unless the holder gives prior notice to increase the limit.

Who has voting and dispositive power over the reported shares?

The filing states that Eric Lazer, as Director of Roxy Capital, has sole voting and dispositive power over the securities held by Roxy Capital.

What basis is given for the percent ownership calculation?

The 7.31% figure is based on an outstanding Class A share count of 1,934,673 as reported in the filing.