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ILUSTRATO PICTURES INTL (ILUS) is a mergers and acquisitions company focused on acquiring businesses in public safety, industrial, defense, and renewable sectors. The company has recently made significant progress across its subsidiaries, such as Quality Industrial Corp. filing its S-1 Registration Statement and awaiting SEC comments. ILUS has finalized the acquisition of a company as a Special Purpose Vehicle to further its subsidiary business plan. With plans for Emergency Response Technologies (ERT) to uplist to NYSE American, ILUS is strategically expanding its presence in the US and Middle East. The company is also working on a major acquisition deal to enhance its defense and security offerings, in line with the growing demand in the global defense market.
ILUS has completed the Stock Purchase Agreement with Fusion Fuel Green PLC (NASDAQ: HTOO), transferring a 69.36% stake in Quality Industrial Corp. (QIND). In exchange, ILUS receives a combination of ordinary and convertible preferred shares in Fusion Fuel. Upon conversion and subject to conditions, ILUS will hold a 55.38% stake in Fusion Fuel on an as-converted, fully diluted basis. Fusion Fuel, a leader in energy engineering and advisory services, specializes in green hydrogen and industrial gas solutions. The acquisition expands Fusion Fuel's portfolio to include energy system design, installation, and LPG distribution services across various industries.
ILUS has signed a Stock Purchase Agreement with Fusion Fuel Green (NASDAQ: HTOO) for the latter to acquire a 69.36% stake in Quality Industrial Corp (QIND). In exchange, ILUS will receive ordinary shares and convertible preferred shares, resulting in a 55.38% stake in Fusion Fuel on a fully diluted basis. The preferred shares conversion is pending Fusion Fuel shareholder approval and Nasdaq listing clearance. This strategic move aims to establish a profitable foundation for Fusion Fuel in the clean hydrogen sector while enabling QIND's expansion into European markets and Fusion Fuel's growth in Middle Eastern hydrogen engineering services.
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