ILUS International Sets Annual Shareholder Meeting, Signals Strategic Transition

ILUS International Inc., a mergers and acquisitions company focused on public safety and industrial sectors, has announced its Annual Shareholder Meeting scheduled for June 20th, 2025, in Miami, Florida. The meeting comes at a critical juncture for the company, which has been navigating complex macroeconomic challenges over the past two years.

Despite economic headwinds, ILUS has maintained its strategic focus, recently executing a notable share swap transaction with Nasdaq-listed Fusion Fuel Green PLC. This transaction resulted in ILUS becoming the largest shareholder of Fusion Fuel, holding 35,971,544 common shares across common and non-voting preferred categories.

The upcoming shareholder meeting will provide a platform for management to outline future strategic objectives, including the company's ambitious plan to uplist its subsidiaries and transition to a major stock exchange. CEO Nicolas Link emphasized the company's resilience, stating that they are emerging from challenging periods with significant opportunities and a commitment to creating shareholder value.

Key strategic initiatives include preparing for registration for potential uplisting during summer 2025 and ongoing executive restructuring. The company has also made notable leadership changes, with John-Paul Backwell stepping down from his managing director role to focus on his position at Fusion Fuel while remaining an advisor to ILUS's board.

ILUS has acknowledged potential delays in its annual financial reporting, citing the need to address SEC comments and navigate complex accounting requirements following recent corporate transactions. The company has engaged additional accounting resources and consultants to ensure accurate and comprehensive financial disclosures.

The Annual Shareholder Meeting represents a pivotal moment for ILUS, signaling the company's determination to overcome economic challenges and position itself for future growth and increased market visibility.