DealsSep 25, 2026, 04:48 PM
Fusion Fuel Green PLC to Issue $2M in Shares in Share Exchange Deal
AI Summary
Fusion Fuel Green PLC has entered into a Share Exchange Agreement to issue 500,000 Class A ordinary shares, valued at $2 million, to three third-party investors. This transaction is linked to an amendment of a prior Share Purchase Agreement involving its subsidiary, Quality Industrial Corp. (QIND), which will issue shares to Fusion Fuel Green PLC as consideration. The deal is subject to several closing conditions, including Nasdaq approval and regulatory clearances. Fusion Fuel Green PLC is also obligated to file a resale registration statement post-closing.
Key Highlights
- Fusion Fuel Green PLC to issue 500,000 Class A ordinary shares valued at $2 million to three investors.
- The issuance is part of a Share Exchange Agreement with Quality Industrial Corp. (QIND), a subsidiary.
- QIND will issue shares valued at $2 million to Fusion Fuel Green PLC as consideration.
- The agreement amends a prior Share Purchase Agreement involving QIND and Al Shola Gas.
- Closing conditions include Nasdaq listing approval and governmental approvals.
- Fusion Fuel Green PLC must file a resale registration statement within 30 days of closing.
Price Impact
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