ILUS Agrees to Swap Majority Stake in Quality Industrial Corp. for Future Majority Stake in Fusion Fuel Green (NASDAQ: HTOO)
ILUSTRATO PICTURES INTL (ILUS)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/ilustrato-pictures-international-inc-ilus-25587
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ilustrato Pictures International Inc. (OTC: ILUS) (“ILUS” or the “Company”) is a mergers and acquisitions company focused on acquiring and growing businesses in the public safety and industrial sectors. On November 18, 2024, the Company signed a Stock Purchase Agreement with Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel”) and certain other shareholders of Quality Industrial Corp. for Fusion Fuel to acquire a 69.36% stake in Quality Industrial Corp. (OTC: QIND)(“QIND”). 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 preferred shares, however, will not be converted until Fusion Fuel’s shareholders approve their conversion to ordinary shares and clearance of an initial listing application to be filed with Nasdaq. Fusion Fuel is a provider of innova
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Sec Filings
- 11/27/24 - Form 8-K/A
- 11/19/24 - Form 8-K
- 11/19/24 - Form 10-Q
- ILUS's page on the SEC website