secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K
Filed at:   2026-09-25T20:34:36+00:00
Accession:  0001493152-26-044330
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Quality Industrial restructures $10M Al Shola Gas buy; Fusion Fuel to issue $2M shares
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- Fusion Fuel Green will issue 500,000 Class A shares at $4.00/share ($2M) to Al Shola Gas investors: Sanjeeb Safir 40%, Safir Ahammed 40%, Almheiri 20%; QIND issues $2M common to Fusion Fuel.
- Al Shola Gas $10M purchase price restructured: $1.02M already paid, $2M via Parent Shares, $6M and $980K due by Dec 31, 2027; Alternative Payment if shares not issued by Dec 31, 2026.
- Each Investor granted QIND a call option through Mar 27, 2027 to buy Al Shola Gas shares at $65,359.48/share; Consideration Securities have a 6-month lock-up, then daily sales capped at 3% of volume.
- Amendment No. 2 eliminates QIND obligations to provide debt financing, credit facilities, equity lines, or bank guarantees for Al Shola Gas; non-compete/non-solicit extended from 2 to 4 years.
- Al Shola Gas will pay quarterly dividends equal to prior-quarter profits from Q3 2026; closing conditions include Nasdaq listing approval and Irish Takeover Panel approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226044330/0001493152-26-044330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226044330/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044330

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