NEW YORK, NY -- November 27, 2024 -- InvestorsHub NewsWire
-- Ilustrato Pictures International Inc. (OTC:
ILUS) (“ILUS” or the “Company”), a diversified holding company,
is pleased to announce the successful completion of the previously
disclosed Stock Purchase Agreement with Fusion Fuel Green
PLC (NASDAQ: HTOO) (“Fusion Fuel”) and certain other
shareholders of Quality Industrial Corp. (OTC: QIND)
(“QIND”). Under this agreement, Fusion Fuel has acquired a 69.36%
stake in QIND.
On November 26, 2024, all material closing conditions were
satisfied, and ILUS delivered the necessary documentation to its
transfer agent to finalize the share transfer to Fusion Fuel.
Concurrently, Fusion Fuel’s transfer agent has been instructed to
issue its Ordinary and Preferred Shares as consideration to
ILUS.
As part of the transaction, ILUS receives a combination of
ordinary shares and convertible preferred shares in Fusion Fuel.
Upon conversion of these preferred shares, subject to Fusion Fuel’s
shareholder approval and successful clearance of an initial listing
application with Nasdaq, ILUS will hold a 55.38% stake in Fusion
Fuel on an as-converted, fully diluted basis.
Transformative Milestone for ILUS
Commenting on the transaction, ILUS CEO Nicolas Link
stated: “We are pleased to confirm the closing of this
transformative transaction, which sets the stage for the next phase
of ILUS’s growth. We believe QIND’s integration into Nasdaq-listed
Fusion Fuel will accelerate its development and create significant
value for all stakeholders. This transaction also lays the
foundation for Emergency Response Technologies (OTC: SAML) to
follow a similar trajectory and for ILUS itself to evolve into a
resilient and diversified mini-conglomerate.”
Fusion Fuel: A Leader in Green and Industrial Energy
Solutions
Fusion Fuel, a leader in energy engineering and advisory services,
specializes in green hydrogen and industrial gas solutions. With
the acquisition of QIND, Fusion Fuel has expanded its portfolio to
include the design, supply, installation, and maintenance of energy
systems, as well as the transportation and distribution of
liquefied petroleum gas. The Company’s services cater to a broad
range of industries, including commercial buildings, heavy
industries, mixed-use developments, and the food service
sector.
As Fusion Fuel continues to innovate in the renewable energy
space, this acquisition reinforces its commitment to advancing the
global energy transition through sustainable and reliable energy
solutions.
About ILUS
Ilustrato Pictures International Inc. (OTC: ILUS) is a diversified
holding company focused on acquiring and growing businesses in
sectors such as industrial, renewable energy, and emergency
response technologies. The Company is dedicated to creating
long-term value for its shareholders by strategically positioning
itself as a leader in high-growth markets.
For further information on ILUS, please see its communication
channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, considering the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
website: https://ilus-group.com Twitter: ILUS_INTL
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