Fusion Fuel agrees to issue 500,000 shares in exchange for $2 million in QIND equity
Bitget2026/10/22 11:55- Fusion Fuel agreed to a $2 million share exchange with majority-owned subsidiary QIND, subject to closing conditions.
- It will issue 500,000 Class A Ordinary Shares at $4 per share to Al Shola Gas shareholders in exchange for QIND equity.
- The transaction would reduce QIND’s remaining Al Shola Gas acquisition obligations to $6.98 million, payable by December 31, 2027.
- The restructuring also eliminates QIND’s existing financing commitments for Al Shola Gas.
- If shares remain unissued by December 31, 2026, QIND must provide the $2 million alternative payment within 10 calendar days.
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