ILUS to swap majority stake in Quality Industrial for stake in Fusion Fuel Green

seekingalpha

2024-11-20

Ilustrato Pictures International (OTCPK:ILUS) said on Wednesday that it has signed a stock purchase agreement with Fusion Fuel Green (HTOO) and certain other shareholders of Quality Industrial for Fusion Fuel to acquire a 69.36% stake in Quality Industrial.
As consideration for the ILUS stake in QIND, Fusion Fuel will issue a combination of ordinary shares and convertible preferred shares, resulting in ILUS holding a stake of 55.38% of Fusion Fuel on an as-converted, fully diluted basis.
The acquisition of a majority stake in QIND is anticipated to establish a profitable and cash-flow-positive foundation for Fusion Fuel.

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nILUS to swap majority stake in Quality Industrial for stake in Fusion Fuel Green\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2024-11-20 22:33</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><ul> <li>Ilustrato Pictures International (OTCPK:ILUS) said on Wednesday that it has signed a stock purchase agreement with Fusion Fuel Green (HTOO) and certain other shareholders of Quality Industrial for Fusion Fuel to acquire a 69.36% stake in Quality Industrial.</li> <li>As consideration<span> for the ILUS stake in QIND, Fusion Fuel will issue a combination of ordinary shares and convertible preferred shares, resulting in ILUS holding a stake of 55.38% of Fusion Fuel on an as-converted, fully diluted basis.</span> </li> <li>The acquisition of a majority stake in QIND is anticipated to establish a profitable and cash-flow-positive foundation for Fusion Fuel.</li> </ul> </body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://seekingalpha.com/news/4311914-ilus-to-swap-majority-stake-in-quality-industrial-for-stake-in-fusion-fuel-green\">seekingalpha</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4096","symbol_name":"電氣部件與設備","start_time":0,"source_url":"https://seekingalpha.com/news/4311914-ilus-to-swap-majority-stake-in-quality-industrial-for-stake-in-fusion-fuel-green","article_id":"2484098117","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484098117","pubTimestamp":1732113214,"columns":[],"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"Ilustrato Pictures International  said on Wednesday that it has signed a stock purchase agreement with Fusion Fuel Green  and certain other shareholders of Quality Industrial for Fusion Fuel to acquire a 69.36% stake in Quality Industrial. 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As consideration for the ILUS stake in QIND, Fusion Fuel will issue a combination of ordinary shares and convertible preferred shares, resulting in ILUS holding a stake of 55.38% of Fusion Fuel on an as-converted, fully diluted basis.  The acquisition of a majority stake in QIND is anticipated to establish a profitable and cash-flow-positive foundation for Fusion Fuel.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}