On the risk of delisting of ordinary shares of FuelCell Energy, Inc. (FCEL)

The International Trading System Limited (hereinafter – ITS) hereby informs on the delisting risk of ordinary shares of FuelCell Energy, Inc. (ISIN US35952H6018, hereinafter – Shares, QI) from The Nasdaq Stock Market LLC (hereinafter - Nasdaq).

Information on delisting risk of ordinary shares by Nasdaq

On June 06, 2024, FuelCell Energy, Inc. (hereinafter - Company) submitted Current report Form 8-K to The United States Securities and Exchange Commission (the “SEC”). According to the report, on May 31, 2024, the Company received a letter from the Listing Qualifications Department of Nasdaq notifying the Company that for the 30 consecutive business days the Company’s common stock had not maintained a minimum bid price of $1.00 per share required for continued listing on the Nasdaq Global Select Market.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until November 27, 2024, to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company may be eligible for an additional 180 calendar day compliance period.

To regain compliance the closing bid price for the Common Stock must be at least $1.00 per share for a minimum of ten consecutive business days before the Compliance Date. If the Company fails to regain compliance prior to the expiration of the extension period, Nasdaq will provide written notification that the Company’s securities will be delisted. For more information, please refer to the report available on the SEC website.

Information regarding possible actions to be taken by ITS Ltd.

ITS conducts regular monitoring of the relevant information disclosed by the Company. Delisting of the Shares by Nasdaq will be considered to constitute a breach of the ITS Regulations on admitting financial instruments to trading and result in termination of trading in the QI on ITS.