---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-046089"
form_type: "8-K"
ticker: "QIND"
cik: "0001393781"
company_name: "Quality Industrial Corp."
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:07:41.989031+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quality Industrial signs binding term sheet for Actelis to acquire 61-75% of QIND shares

## Summary
- Actelis will issue 19.99% of its common stock plus preferred non-voting shares as consideration.
- Closing target within 60 days, subject to due diligence, regulatory approval, and additional funding.
- QIND reported 2023 revenue of $11M and net income of $1.8M; Q1 2024 revenue ~$3.1M, net income ~$0.76M.
- QIND services nearly 40,000 customers in UAE with 7 facilities and ~100 employees.
- Synergies with Actelis' IoT networking expected to reduce costs and enable new contracts.

## SEC filing metadata
- accession: 0001213900-24-046089
- form_type: 8-K
- ticker: QIND
- cik: 0001393781
- company_name: Quality Industrial Corp.
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393781/000121390024046089/0001213900-24-046089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393781/000121390024046089/ea0206754-8k_quality.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-046089
- JSON: https://secwatch.observer/filing/0001213900-24-046089.json
- Plain text: https://secwatch.observer/filing/0001213900-24-046089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.