Fusion Fuel Enters $2.0 Million Share Exchange with QIND, Supporting Restructuring of Al Shola Gas Acquisition Obligations
Fusion Fuel entered a Share Exchange Agreement with its majority-owned subsidiary QIND to satisfy $2.0 million of QIND's remaining Al Shola Gas purchase-price obligations by issuing 500,000 Class A shares at an agreed value of $4.00 per share to Al Shola Gas's minority shareholders. The deal cuts QIND's remaining obligation to roughly $7.0 million (payable by December 31, 2027), removes legacy debt-financing and equity-line commitments, and sets up quarterly dividend distributions from Al Shola Gas starting Q3 2026; Fusion Fuel will also receive $2.0 million of QIND equity.
Key figures
- Deal Value Usd
- 2000000
- Offering Price
- 4
- Shares Offered
- 500000
- Lockup
- six months, then 3%-of-daily-volume leak-out
- Agreed share value
- $4.00
- Option price per asg share
- $65,359.48
- Qind equity to be received
- $2.0 million
- Remaining asg obligations after
- approximately $7.0 million
- Remaining payable by dec 31 2027
- $6.98 million ($6.0M in any form, $980,000 cash)
- Total purchase price 51pct stake
- $10.0 million
AI analysis
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