secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K/A
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001213900-24-103025
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quality Industrial closes sale of 69.36% stake to Fusion Fuel; control changes
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- Stock Purchase Agreement closed Nov 26, 2024: Sellers transferred 78,312,334 common shares and 20,000 Series B Preferred shares (69.36% of outstanding capital) to Fusion Fuel.
- Fusion Fuel issued 3,818,969 Class A ordinary shares and 4,171,327 Series A Convertible Preferred Shares (convertible into 41,713,270 ordinary shares).
- Post-closing, Quality Industrial will be a majority-owned operating subsidiary of Fusion Fuel, with potential future merger to become wholly owned.
- Certain stockholders entered into a 6-month lock-up agreement restricting transfer of Fusion Fuel shares received.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000121390024103025/0001213900-24-103025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000121390024103025/ea0222269-8ka1_quality.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-103025

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