Fusion Fuel Green PLC Issues Correction on Acquisition Details of Quality Industrial Corp
Reuters
11 hours ago
Fusion Fuel Green PLC Issues Correction on Acquisition Details of Quality Industrial Corp
Fusion Fuel Green plc has issued a correction to its financial report following its acquisition of a 69.36% stake in Quality Industrial Corp. The company clarified adjustments related to the Share Consolidation and equity events impacting earnings per share figures. The pro forma financial statements have been prepared under IFRS 3, with Fusion Fuel identified as the acquirer. The preliminary purchase price allocation includes estimated fair value adjustments to QIND's net assets and liabilities. Further refinements to the purchase price allocation are expected.
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