Jaguar8 commented on a stock · Nov 27, 2024 07:09

NEWS

Fusion Fuel Announces Completion of QIND Acquisition and Executive Leadership Changes

Fusion Fuel Green (NASDAQ: HTOO) has completed its acquisition of a controlling stake in Quality Industrial Corp. (QIND) through a share exchange. The company announced key leadership changes, with John-Paul Backwell appointed as CEO and joining the Board, while former CEO Frederico Figueira de Chaves transitions to Chief Strategy Officer and Head of Hydrogen Solutions. The acquisition aims to strengthen Fusion Fuel's position in energy engineering and services. The company faces a Nasdaq delisting appeal hearing scheduled for January 7, 2025, but management expects to meet stockholder equity requirements after consolidating financials.

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Jaguar8

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