Why Is Fusion Fuel Green Stock Falling Today?
Why Is Fusion Fuel Green Stock Falling Today?
Under the terms of the deal, Fusion Fuel will issue a mix of 19.99% of its ordinary shares and convertible preferred shares; the transaction will result in Quality Industrial sellers holding a substantial stake in Fusion Fuel on a fully diluted basis. However, the preferred shares cannot be converted until approved by Fusion Fuel's shareholders.Fusion Fuel Green PLC (NASDAQ:HTOO) has signed a binding agreement to acquire a 70% ownership interest in Quality Industrial Corp. (OTC:QIND), a Dubai-based energy services company.
Fusion Fuel Green PLC（纳斯达克股票代码：HTOO）签署了一项具有约束力的协议，将收购总部位于迪拜的能源服务公司质量工业公司（场外交易代码：QIND）70％的所有权。
QIND, whose operations are headquartered in Dubai, United Arab Emirates, is an industrial company specializing in the energy sector.
QIND是一家专门从事能源领域的工业公司，其业务总部位于阿拉伯联合酋长国迪拜。
This acquisition is a significant step in Fusion Fuel's strategy to expand into both traditional and clean energy sectors, combining expertise in hydrogen engineering with Quality Industrial's gas and utility capabilities.
此次收购是Fusion Fuel向传统和清洁能源领域扩张战略的重要一步，该战略将氢气工程专业知识与Quality Industrial的天然气和公用事业能力相结合。
Under the terms of the deal, Fusion Fuel will issue a mix of 19.99% of its ordinary shares and convertible preferred shares; the transaction will result in Quality Industrial sellers holding a substantial stake in Fusion Fuel on a fully diluted basis. However, the preferred shares cannot be converted until approved by Fusion Fuel's shareholders.
根据交易条款，Fusion Fuel将混合发行其19.99％的普通股和可转换优先股；该交易将导致质量工业卖方在全面摊薄的基础上持有Fusion Fuel的大量股份。但是，在获得Fusion Fuel股东批准之前，优先股无法转换。
Also Read: What's Going On With Target Stock Today?
另请阅读：今天的目标股票怎么了？
Quality Industrial operates Al Shola Gas, which provides services to over 40,000 customers in the Middle East, including major clients like Emirates Airlines and the Dubai Government. In 2023, Al Shola Gas reported $11 million in revenue and $1.8 million in net income.
Quality Industrial运营Al Shola Gas，该公司为中东的40,000多名客户提供服务，其中包括阿联酋航空和迪拜政府等主要客户。2023年，Al Shola Gas公布的收入为1,100万美元，净收入为180万美元。
Fusion Fuel views this acquisition as a way to strengthen its position in the energy market by integrating recurring revenue from Quality Industrial's established gas operations while expanding its hydrogen engineering services into the Middle East and Europe.
Fusion Fuel将此次收购视为通过整合Quality Industrial既有天然气业务的经常性收入，同时将其氢气工程服务扩展到中东和欧洲，从而巩固其在能源市场的地位的一种方式。
CEO Frederico Figueira de Chaves emphasized that this deal aligns with Fusion Fuel's long-term growth strategy despite challenges in the green hydrogen market.
首席执行官弗雷德里科·菲盖拉·德查韦斯强调，尽管绿色氢市场面临挑战，但这笔交易符合Fusion Fuel的长期增长战略。
Chaves added that as part of the combination of the two companies, John-Paul Backwell will join Fusion Fuel's Board of Directors upon closing. In addition, Alla Jezmir has resigned from the company's Board.
查韦斯补充说，作为两家公司合并的一部分，约翰·保罗·巴克韦尔将在收盘时加入Fusion Fuel的董事会。此外，阿拉·杰兹米尔已辞去公司董事会的职务。
The acquisition is expected to close shortly, pending regulatory approvals.
此次收购预计将很快完成，尚待监管部门的批准。
Price Action: HTOO shares are trading lower by 4.11% to $0.3241 at last check Tuesday.
价格走势：在周二的最后一次检查中，HTOO股价下跌4.11％，至0.3241美元。
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