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Fusion Fuel Green PLC filed an amendment to provide updated, unaudited pro forma condensed combined financial information with Quality Industrial Corp. (QIND) for the six months ended June 30, 2025. These pro formas show how the two businesses might have looked on a combined basis after the QIND acquisition, the planned share conversion, and the intended merger, but are for information only and are not forecasts.
Under the original stock purchase agreement, Fusion Fuel agreed to acquire about 69.36% of QIND by buying 78,312,334 QIND common shares and 20,000 QIND Series B preferred shares. As consideration, Fusion Fuel was to issue 109,114 Class A ordinary shares (19.99% of its Class A shares) and 4,171,327 Series A convertible preferred shares, which may convert into 1,191,812 Class A shares after shareholder approval and Nasdaq listing clearance.