{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-029067","form_type":"8-K","ticker":"QIND","cik":"0001393781","company_name":"Quality Industrial Corp.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.214727+00:00","generated_at":"2026-06-04T03:25:41.188083+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"QIND acquires 51% of Al Shola Gas for $10M; payment tied to national exchange uplist","bullets":["Purchase price of $10M: $9M in stock or cash in 8 quarterly tranches after uplist, plus $1M cash within 12 months.","QIND gets 2 of 3 board seats effective immediately; existing management retains operational control unless board acts.","Option to buy remaining 49% of ASG at prorated price for 2 years after closing.","QIND to facilitate $350k in LPG vehicles within 90 days and $2M equity line or credit within 90 days of uplist.","ASG is a 44-year-old UAE LPG engineering and distribution firm with civil defense approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-029067","json":"https://secwatch.observer/filing/0001213900-24-029067.json","markdown":"https://secwatch.observer/filing/0001213900-24-029067.md","text":"https://secwatch.observer/filing/0001213900-24-029067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393781/000121390024029067/0001213900-24-029067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393781/000121390024029067/ea0202678-8k_quality.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:25:41.188083+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b1da145b8acbc2d456fc22af425528195d09639b","claim":"Quality Industrial Corp. entered into Stock Purchase Agreement with shareholders of Al Shola Al Modea Gas Distribution LLC valued at $10,000,000 (Ten Million USD) (effective 2024-03-27).","evidence_excerpt":"As of March 27, 2024, we entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with the shareholders of Al Shola Al Modea Gas Distribution LLC (“ASG” or “Al Shola Gas”) to acquire a 51% interest in ASG.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393781/000121390024029067/0001213900-24-029067-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"shareholders of Al Shola Al Modea Gas Distribution LLC"},{"label":"Value","value":"$10,000,000 (Ten Million USD)"},{"label":"Effective","value":"2024-03-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}