Summary by Futu AI
On November 11, 2024, FuelCell Energy adjusted its options, resulting in a new deliverable of 3 common shares and $2.50 cash per FCEL1 contract. The cash in lieu of fractional shares was determined using a price of $7.50 per whole share, leading to a cash amount of $2.50 per contract.The settlement of the cash portion for FCEL1 options exercised or assigned between November 11 and November 22, 2024, will be handled by OCC. The FCEL component settled through NSCC by November 21, 2024. The strike prices remain unchanged.The underlying price for FCEL1 is calculated as 0.03 times the FCEL closing price plus 0.025. This adjustment ensures clarity in the options market for FuelCell Energy.