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（納斯達克股票代碼：HTOO）簽署了一項具有約束力的協議，將收購總部位於迪拜的能源服務公司質量工業公司（場外交易代碼：QIND）70％的所有權。
QIND, whose operations are headquartered in Dubai, United Arab Emirates, is an industrial company specializing in the energy sector.
QIND是一家專門從事能源領域的工業公司，其業務總部位於阿拉伯聯合酋長國迪拜。
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.
此次收購是Fusion Fuel向傳統和清潔能源領域擴張戰略的重要一步，該戰略將氫氣工程專業知識與Quality Industrial的天然氣和公用事業能力相結合。
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.
根據交易條款，Fusion Fuel將混合發行其19.99％的普通股和可轉換優先股；該交易將導致質量工業賣方在全面攤薄的基礎上持有Fusion Fuel的大量股份。但是，在獲得Fusion Fuel股東批准之前，優先股無法轉換。
Also Read: What's Going On With Target Stock Today?
另請閱讀：今天的目標股票怎麼了？
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運營Al Shola Gas，該公司爲中東的40,000多名客戶提供服務，其中包括阿聯酋航空和迪拜政府等主要客戶。2023年，Al Shola Gas公佈的收入爲1,100萬美元，淨收入爲180萬美元。
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將此次收購視爲通過整合Quality Industrial既有天然氣業務的經常性收入，同時將其氫氣工程服務擴展到中東和歐洲，從而鞏固其在能源市場的地位的一種方式。
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.
首席執行官弗雷德里科·菲蓋拉·德查韋斯強調，儘管綠色氫市場面臨挑戰，但這筆交易符合Fusion Fuel的長期增長戰略。
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.
查韋斯補充說，作爲兩家公司合併的一部分，約翰·保羅·巴克韋爾將在收盤時加入Fusion Fuel的董事會。此外，阿拉·傑茲米爾已辭去公司董事會的職務。
The acquisition is expected to close shortly, pending regulatory approvals.
此次收購預計將很快完成，尚待監管部門的批准。
Price Action: HTOO shares are trading lower by 4.11% to $0.3241 at last check Tuesday.
價格走勢：在週二的最後一次檢查中，HTOO股價下跌4.11％，至0.3241美元。
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照片來自 Shutterstock
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