---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-22-000394"
form_type: "8-K"
ticker: "QIND"
cik: "0001393781"
company_name: "Quality Industrial Corp."
filed_at: "2022-07-08T23:59:59+00:00"
generated_at: "2026-06-24T18:14:22.426612+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Wikisoft signs binding LOI to acquire 51% of Quality International for $300M valuation

## Summary
- Total valuation $300M; 51% purchase for $100M cash (over 1 yr) and $50M in convertible preferred shares.
- Quality International has $75M in production orders, $230M confirmed orders; 2022 revenue forecast >$100M.
- Company operates 10M sq ft facilities in UAE with 1,350 employees; serves Oil & Gas, Energy, Water sectors.
- Wikisoft's majority owner ILUS will integrate Quality's capabilities with FireBug and other ILUS businesses.
- Expected close within 30 business days after due diligence; definitive Stock Purchase Agreement to follow.

## SEC filing metadata
- accession: 0001663577-22-000394
- form_type: 8-K
- ticker: QIND
- cik: 0001393781
- company_name: Quality Industrial Corp.
- filed_at: 2022-07-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393781/000166357722000394/0001663577-22-000394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393781/000166357722000394/wsft8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-22-000394
- JSON: https://secwatch.observer/filing/0001663577-22-000394.json
- Plain text: https://secwatch.observer/filing/0001663577-22-000394.txt

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