secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K
Filed at:   2026-10-22T12:00:23+00:00
Accession:  0001493152-26-048020
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226048020/0001493152-26-048020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000149315226048020/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-048020

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