secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001663577-22-000128
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wikisoft acquires 51% membership interest in Etheralab LLC for $510K in stock, plus IP license
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- Issued 2,550,000 common shares at $0.20/share (aggregate $510,000) for 51% membership interest in Etheralab LLC.
- Also obtained non-exclusive, worldwide license to Etheralab's blockchain and AmpliFi press release distribution IP.
- Technology expected to power wikifunding platform and provide PR service to 90M businesses in Wikisoft database.
- Shares are restricted with a 2-year lockup; transaction closed on Feb 28, 2022.
- Company expects acquisition to be accretive to earnings within two years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000166357722000128/0001663577-22-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000166357722000128/wsft8k.htm
  HTML page:      https://secwatch.observer/filing/0001663577-22-000128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer