Mergers & Acquisitions ·
Fusion Fuel Green PLC agrees to issue $2M of shares to restructure Al Shola Gas acquisition obligations
HTOOFusion Fuel Green PLC
Fusion Fuel Green PLC entered into a Share Exchange Agreement with its subsidiary Quality Industrial Corp. and the minority shareholders of Al Shola Gas. The company will issue 500,000 Class A Ordinary Shares valued at $4.00 per share to satisfy $2 million of QIND's remaining purchase price obligations for its 51% stake in Al Shola Gas. This transaction reduces QIND's outstanding balance to approximately $7 million and eliminates legacy financing commitments. Additionally, the agreement mandates that Al Shola Gas distribute quarterly dividends equal to its profits starting from the third quarter of 2026. Fusion Fuel Green PLC operates as a diversified energy platform providing LPG distribution, hydrogen solutions, and biomass steam services.