M&A - Fusion Fuel Green PLC

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Form Type: 6-K/A

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000121390025022234

Filing Summary: Fusion Fuel Green PLC entered into a Stock Purchase Agreement to acquire approximately 69.36% of Quality Industrial Corp.'s capital stock. The acquisition involves the purchase of 78,312,334 shares of common stock and 20,000 shares of Series B Preferred Stock, with Fusion Fuel issuing 3,818,969 Class A ordinary shares and 4,171,327 Series A Convertible Preferred Shares. Post-acquisition, Quality Industrial will operate as a majority-owned subsidiary of Fusion Fuel, which plans to merge Quality Industrial into a new wholly-owned subsidiary, making it a wholly-owned entity. The Filing also includes updated risk factors, financial statements, and pro forma combined consolidated information reflecting these transactions. The document updates previous reports and incorporates additional financial disclosures and risk assessments related to the acquisition process and expected integration with Nasdaq listing requirements.

Document Link: View Document

Additional details:

Stock Purchase Agreement Date: 2024-11-18


Shares Acquired: 78312334


Series B Preferred Stock Acquired: 20000


Percentage Owned After Acquisition: 69.36


Class A Ordinary Shares Issued: 3818969


Series A Preferred Shares Issued: 4171327


Merger Intent Date: after closing


Surviving Entity After Merger: Quality Industrial Corp.


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