Fusion Fuel Enters $2.0 Million Share Exchange with QIND, Supporting Restructuring of Al Shola Gas Acquisition Obligations
Globe Newswire•22/10/2026•07:45 ET
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Key Highlights
- ➤Fusion Fuel will issue 500,000 Class A shares at an agreed $4.00 per share
- ➤QIND’s remaining Al Shola Gas purchase obligations fall $2.0 million to approximately $7.0 million
- ➤QIND’s legacy debt financing, credit facility, equity line and guarantee obligations are eliminated
- ➤Al Shola Gas quarterly dividend distributions are scheduled to begin in third-quarter 2026
- ➤QIND must make a $2.0 million alternative payment if shares remain unissued after December 31, 2026
Expert Statements
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“We believe this transaction represents an attractive and efficient use of our equity while further aligning Fusion Fuel and QIND as we advance our broader strategy.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“Upon closing, the settlement of $2.0 million of QIND’s remaining purchase price obligations with Fusion Fuel shares at an agreed value of $4.00 per share is expected to reduce QIND’s remaining purchase price obligations to the Al Shola Gas shareholders to approximately $7.0 million, and we believe the lock-up and leak-out structure aligns the Al Shola Gas shareholders with Fusion Fuel’s long-term performance.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“At the same time, upon closing Fusion Fuel is expected to receive $2.0 million of QIND equity, and we believe the introduction of quarterly dividend distributions creates a clearer path for the cash generated by Al Shola Gas to flow through the group.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“Together with the removal of legacy financing commitments, we believe this strengthens the overall strategic and financial foundation of the business as we work to create value across the broader Fusion Fuel platform.”
Fusion Fuel to Issue 500,000 Class A Ordinary Shares at an Agreed Value of $4.00 Per Share in Exchange for $2.0 Million of QIND Equity
Restructuring Expected to Reduce QIND’s Remaining Al Shola Gas Purchase Price Obligations by $2.0 Million to Approximately $7.0 Million and Removes Legacy Financing Commitments
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