---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-050541"
form_type: "8-K/A"
ticker: "QIND"
cik: "0001393781"
company_name: "Quality Industrial Corp."
filed_at: "2024-06-07T23:59:59+00:00"
generated_at: "2026-06-01T05:30:58.143445+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quality Industrial acquires 51% of Al Shola Gas for $10M; pro forma revenue $10.8M, net loss $2.37M

## Summary
- Purchase price $10M: $9M in stock/cash over 24 months post-uplist, $1M cash in 12 months.
- Pro forma combined total assets $34.8M, revenue $10.8M, net loss $2.37M for FY2023.
- Goodwill of $7.75M recorded; 51% net assets acquired of $2.25M (Dec 31, 2023).
- QIND obtains two board seats and immediate control; operating control remains with existing management unless breach.

## SEC filing metadata
- accession: 0001213900-24-050541
- form_type: 8-K/A
- ticker: QIND
- cik: 0001393781
- company_name: Quality Industrial Corp.
- filed_at: 2024-06-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01, 5.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393781/000121390024050541/0001213900-24-050541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393781/000121390024050541/ea0207503-8ka1_quality.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-050541
- JSON: https://secwatch.observer/filing/0001213900-24-050541.json
- Plain text: https://secwatch.observer/filing/0001213900-24-050541.txt

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