secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K
Filed at:   2026-07-15T13:00:56+00:00
Accession:  0001493152-26-033297
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quality Industrial Corp. enters forbearance on $1.587M notes; to pay $1.675M by Jan 2028
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- Forbearance agreement with RB Capital Partners covers two convertible notes totaling $1.587M outstanding as of June 30, 2026.
- Company to pay $1.675M in 19 monthly installments from July 30, 2026 to Jan 15, 2028; $30K discount for timely payments.
- Notes bear 7% interest, matured; forbearance period until March 1, 2028; conversion right at $1.00/share reserved.
- Default triggers include missed payments, bankruptcy, etc.; upon default, full unpaid amount due with 5% interest.
- Mutual releases; Holder's release effective upon full payment; no novation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226033297/0001493152-26-033297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226033297/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-033297

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