Quality Industrial restructures Al Shola Gas purchase payment obligations
Bitget2026/10/22 12:07- Quality Industrial restructured its $10 million purchase of a 51% Al Shola Gas stake, eliminating financing commitments.
- Fusion Fuel will issue 500,000 Class A Ordinary Shares to sellers, subject to closing conditions, for $2 million of QIND common stock.
- Remaining payments total $6.98 million, including $980,000 in cash, due by December 31, 2027, assuming settlement of the $2 million portion.
- If the share exchange misses December 31, 2026, QIND must deliver $2 million in cash or exchange-listed securities within 10 calendar days.
- Terms introduce quarterly dividends from third-quarter 2026, subject to board discretion, and an option to acquire the remaining 49% by March 27, 2027.
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