ILUS Announces Completion of QIND Acquisition by Fusion Fuel (NASDAQ_ HTOO)
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 ha completato l'Accordo di Acquisto di Azioni con Fusion Fuel Green PLC (NASDAQ: HTOO), trasferendo una quota del 69,36% in Quality Industrial Corp. (QIND). In cambio, ILUS riceve una combinazione di azioni ordinarie e azioni privilegiate convertibili in Fusion Fuel. Dopo la conversione e soggetta a condizioni, ILUS deterrà una quota del 55,38% in Fusion Fuel su base completamente diluita e convertita. Fusion Fuel, leader nei servizi di ingegneria e consulenza energetica, si specializza in soluzioni per l'idrogeno verde e gas industriali. L'acquisizione espande il portafoglio di Fusion Fuel per includere progettazione di sistemi energetici, installazione e servizi di distribuzione di GPL in vari settori.
ILUS ha completado el Acuerdo de Compra de Acciones con Fusion Fuel Green PLC (NASDAQ: HTOO), transfiriendo una participación del 69.36% en Quality Industrial Corp. (QIND). A cambio, ILUS recibe una combinación de acciones ordinarias y preferentes convertibles en Fusion Fuel. Tras la conversión y sujeto a condiciones, ILUS poseerá una participación del 55.38% en Fusion Fuel en base convertida y totalmente diluida. Fusion Fuel, líder en ingeniería energética y servicios de asesoría, se especializa en soluciones de hidrógeno verde y gases industriales. La adquisición amplía el portafolio de Fusion Fuel para incluir diseño de sistemas energéticos, instalación y servicios de distribución de GPL en diversas industrias.
ILUS는 Fusion Fuel Green PLC(NASDAQ: HTOO)와 주식 구매 계약을 완료하였으며, Quality Industrial Corp.(QIND)에서 69.36%의 지분을 이전했습니다. 그 대가로 ILUS는 Fusion Fuel의 보통주와 전환 가능한 우선주를 받습니다. 전환 후 조건이 충족되면 ILUS는 완전 희석 기준으로 Fusion Fuel에서 55.38%의 지분을 보유하게 됩니다. Fusion Fuel은 에너지 엔지니어링 및 자문 서비스의 선두주자로, 녹색 수소 및 산업 가스 솔루션을 전문으로 합니다. 이번 인수는 Fusion Fuel의 포트폴리오를 에너지 시스템 설계, 설치 및 다양한 산업에 걸친 LPG 배급 서비스로 확장합니다.
ILUS a finalisé l'Accord d'Achat d'Actions avec Fusion Fuel Green PLC (NASDAQ: HTOO), transférant une participation de 69,36 % dans Quality Industrial Corp. (QIND). En échange, ILUS reçoit une combinaison d'actions ordinaires et d'actions privilégiées convertibles dans Fusion Fuel. Après conversion et sous réserve de conditions, ILUS détiendra une participation de 55,38 % dans Fusion Fuel sur une base entièrement diluée et convertie. Fusion Fuel, leader dans l'ingénierie énergétique et les services de conseil, se spécialise dans les solutions d'hydrogène vert et de gaz industriel. L'acquisition élargit le portefeuille de Fusion Fuel pour inclure la conception de systèmes énergétiques, l'installation et la distribution de GPL dans divers secteurs.
ILUS hat den Aktienkaufvertrag mit Fusion Fuel Green PLC (NASDAQ: HTOO) abgeschlossen und einen Anteil von 69,36 % an Quality Industrial Corp. (QIND) übertragen. Im Gegenzug erhält ILUS eine Kombination aus Stammaktien und wandelbaren Vorzugsaktien von Fusion Fuel. Nach der Umwandlung und unter bestimmten Bedingungen wird ILUS einen Anteil von 55,38 % an Fusion Fuel auf einer vollständig verwässerten und umgewandelten Basis halten. Fusion Fuel, ein führendes Unternehmen in der Energieingenieurwesen- und Beratung, spezialisiert sich auf grüne Wasserstoff- und Industriegaslösungen. Die Übernahme erweitert das Portfolio von Fusion Fuel um die Planung, Installation und Verteilung von LPG-Dienstleistungen in verschiedenen Branchen.
- ILUS to acquire 55.38% stake in Nasdaq-listed Fusion Fuel upon conversion of preferred shares
- Strategic integration with a larger, Nasdaq-listed company enhances market position
- Expansion into green hydrogen and industrial gas solutions markets
- Share conversion subject to Nasdaq approval and shareholder vote
- Dilution of existing shareholders through share issuance
NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Ilustrato Pictures International Inc. (OTC: ILUS) (“ILUS” or the “Company”), a diversified holding company, is pleased to announce the successful completion of the previously disclosed Stock Purchase Agreement with Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel”) and certain other shareholders of Quality Industrial Corp. (OTC: QIND) (“QIND”). Under this agreement, Fusion Fuel has acquired a
On November 26, 2024, all material closing conditions were satisfied, and ILUS delivered the necessary documentation to its transfer agent to finalize the share transfer to Fusion Fuel. Concurrently, Fusion Fuel’s transfer agent has been instructed to issue its Ordinary and Preferred Shares as consideration to ILUS.
As part of the transaction, ILUS receives a combination of ordinary shares and convertible preferred shares in Fusion Fuel. Upon conversion of these preferred shares, subject to Fusion Fuel’s shareholder approval and successful clearance of an initial listing application with Nasdaq, ILUS will hold a
Transformative Milestone for ILUS
Commenting on the transaction, ILUS CEO Nicolas Link stated: “We are pleased to confirm the closing of this transformative transaction, which sets the stage for the next phase of ILUS’s growth. We believe QIND’s integration into Nasdaq-listed Fusion Fuel will accelerate its development and create significant value for all stakeholders. This transaction also lays the foundation for Emergency Response Technologies (OTC: SAML) to follow a similar trajectory and for ILUS itself to evolve into a resilient and diversified mini-conglomerate.”
Fusion Fuel: A Leader in Green and Industrial Energy Solutions
Fusion Fuel, a leader in energy engineering and advisory services, specializes in green hydrogen and industrial gas solutions. With the acquisition of QIND, Fusion Fuel has expanded its portfolio to include the design, supply, installation, and maintenance of energy systems, as well as the transportation and distribution of liquefied petroleum gas. The Company’s services cater to a broad range of industries, including commercial buildings, heavy industries, mixed-use developments, and the food service sector.
As Fusion Fuel continues to innovate in the renewable energy space, this acquisition reinforces its commitment to advancing the global energy transition through sustainable and reliable energy solutions.
About ILUS
Ilustrato Pictures International Inc. (OTC: ILUS) is a diversified holding company focused on acquiring and growing businesses in sectors such as industrial, renewable energy, and emergency response technologies. The Company is dedicated to creating long-term value for its shareholders by strategically positioning itself as a leader in high-growth markets.
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
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FAQ
What percentage stake did Fusion Fuel acquire in QIND from ILUS?
What will be ILUS's ownership percentage in Fusion Fuel after preferred share conversion?
What are the main conditions for ILUS's preferred shares conversion in Fusion Fuel?
