---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-048020"
form_type: "8-K"
ticker: "QIND"
cik: "0001393781"
company_name: "Quality Industrial Corp."
filed_at: "2026-10-22T12:00:23+00:00"
generated_at: "2026-10-22T12:05:11.829071+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# QIND restructures Al Shola Gas purchase price; Fusion Fuel to issue $2.0M of shares to minority holders

## Summary
- Fusion Fuel (Nasdaq: HTOO) to issue 500,000 Class A shares at $4.00 each ($2.0M) to Al Shola Gas's 3 minority holders; QIND issues $2.0M of its own stock to HTOO.
- Total price for 51% of Al Shola Gas stays $10.0M: $1.02M paid, $2.0M via HTOO shares, $6.0M plus $980,000 due on or before Dec 31, 2027.
- Amendment removes QIND's debt financing, credit facility, equity line and bank guarantee commitments; parties mutually waive claims over alleged prior SPA defaults.
- Al Shola Gas to pay quarterly dividends equal to its quarterly Profits starting Q3 2026 unless its board decides otherwise; QIND receives its 51% pro rata share.
- QIND gets an option through March 27, 2027 to buy the ASG holders' remaining 49% at $65,359.48/share (~$9.61M for 147 shares), plus a 30-day right of first refusal.

## SEC filing metadata
- accession: 0001493152-26-048020
- form_type: 8-K
- ticker: QIND
- cik: 0001393781
- company_name: Quality Industrial Corp.
- filed_at: 2026-10-22T12:00:23+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393781/000149315226048020/0001493152-26-048020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393781/000149315226048020/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-048020
- JSON: https://secwatch.observer/filing/0001493152-26-048020.json
- Plain text: https://secwatch.observer/filing/0001493152-26-048020.txt

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