ILUS Announces Completion of QIND Acquisition by Fusion Fuel (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. 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 69.36% stake in QIND. 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
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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