Fusion Fuel agrees to issue 500,000 shares in exchange for $2 million in QIND equity
HTOO•HTOO•HTOO•HTOO•Fusion Fuel agreed to issue 500,000 Class A Ordinary Shares at $4 per share to Al Shola Gas shareholders for $2 million in QIND equity, subject to closing conditions. The restructuring would reduce QIND’s remaining Al Shola Gas acquisition obligations to $6.98 million, payable by December 31, 2027, and eliminate its existing financing commitments for the acquisition.
Fusion Fuel agreed to issue 500,000 Class A Ordinary Shares at $4 per share to Al Shola Gas shareholders in exchange for $2 million in QIND equity, subject to closing conditions. The transaction would reduce QIND’s remaining Al Shola Gas acquisition obligations to $6.98 million, payable by December 31, 2027, and eliminate QIND’s existing financing commitments for the acquisition.
If the shares have not been issued by December 31, 2026, QIND must provide the $2 million alternative payment within 10 calendar days.
