Ademi LLP is investigating Fusion Fuel (NASDAQ: HTOO) for possible breaches of fiduciary duty and other violations of law in its transaction with QIND.
In the transaction, Fusion Fuel will issue a combination of 19.99% of its ordinary shares, along with convertible preferred shares, resulting in the QIND sellers holding a stake of approximately 70% of Fusion Fuel. Fusion Fuel insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Fusion Fuel’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.