Monitor for further disclosures on the Stock Purchase Agreement status and any additional loans to ILUS. The company's cash position and ability to meet its own obligations should be closely watched, especially given the commitment to lend more from ILUS's capital raises.
Price Chart
Executive Summary
Fusion Fuel Green disclosed three interest-free loan agreements with ILUS totaling $230,000 advanced, in exchange for ILUS extending deadlines under a prior Stock Purchase Agreement. The loans are secured by preferred shares of the company held by ILUS, and the company may continue to provide additional loans from ILUS's capital raising proceeds. This raises governance and cash deployment concerns for a company with a $17M market cap.
Key Facts
- Company entered into three interest-free loan agreements with ILUS totaling $230,000 advanced as of filing date.
- Loans are unsecured (except March 2026 loan secured by preferred shares) and repayable on first anniversary, conversion of preferred shares, or ILUS ceasing to hold shares.
- In consideration, ILUS extended the Extended Purchaser Meeting Deadline to June 30, 2026.
- Company may continue to provide additional loans to ILUS from proceeds of ILUS's capital raising activities.
- ILUS holds 3,215,258 Series A Convertible Preferred Shares and 109,113 Class A Ordinary Shares of the company.
Financial Impact
$230,000 in interest-free loans advanced to ILUS, with potential for additional loans from ILUS's capital raising proceeds. Loans are small relative to $17M market cap but raise cash deployment concerns.
Risk Factors
- Related-party transaction risk: interest-free loans to a counterparty with potential conflicts of interest.
- Cash burn risk: company deploying scarce cash to fund ILUS rather than its own operations.
- Default risk on Stock Purchase Agreement obligations if conditions are not met, triggering share repurchase obligations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-041593 |
| Document: 0001493152-26-041593-index-headers.html | 0001493152-26-041593 |
| Document: 0001493152-26-041593-index.html | 0001493152-26-041593 |
| Document: 0001493152-26-041593.txt | 0001493152-26-041593 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 6-K | $1.82 | awaiting T+20 | — | $1.76 (−3.30%) |
Oct 14, 2026 12d ago | 6-K | $1.83 | awaiting T+20 | — | $1.76 (+3.83%) |
Oct 13, 2026 13d ago | 6-K | $1.90 | awaiting T+20 | — | $1.76 (+7.37%) |
Sep 25, 2026 4w ago | 6-K | $2.06 | awaiting T+20 | — | $1.76 (+14.56%) |
Sep 25, 2026 4w ago | 6-K | $2.06 | awaiting T+20 | — | $1.76 (−14.56%) |
Sep 23, 2026 4w ago | EFFECT | $2.23 $1.83 | ▲ +17.97% | ▲ +18.66% | $1.76 (+21.08%) |
Sep 15, 2026 5w ago | 6-K | $2.13 $1.90 | ▼ −10.80% | ▼ −13.52% | $1.76 (−17.37%) |
Sep 10, 2026 6w ago | 6-K | $2.43 $1.92 | ▼ −20.99% | ▼ −23.11% | $1.76 (−27.57%) |
Sep 4, 2026 7w ago | 6-K | $2.39 $2.10 | ▲ +11.95% | ▲ +13.66% | $1.76 (+26.21%) |
Aug 20, 2026 9w ago | 6-K | $2.26 $2.03 | ▼ −10.18% | ▼ −10.18% | $1.76 (−22.12%) |
US Market Status
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