---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-22-000436"
form_type: "8-K"
ticker: "QIND"
cik: "0001393781"
company_name: "Quality Industrial Corp."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T01:54:04.989109+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# QIND issues $1.1M convertible note for first tranche of UAE acquisition

## Summary
- Two-year convertible note with principal of $1,100,000, 7% interest, conversion at $1.00/share.
- First tranche of $1,000,000 paid to UAE manufacturing company under binding LOI dated June 30, 2022.
- LOI targets 51% of UAE company valued at $300 million; acquisition total $153M for controlling stake.
- Note sold to RB Capital Partners Inc.; QIND can prepay at any time; conversion allowed after 6 months.

## SEC filing metadata
- accession: 0001663577-22-000436
- form_type: 8-K
- ticker: QIND
- cik: 0001393781
- company_name: Quality Industrial Corp.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393781/000166357722000436/0001663577-22-000436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393781/000166357722000436/qind8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-22-000436
- JSON: https://secwatch.observer/filing/0001663577-22-000436.json
- Plain text: https://secwatch.observer/filing/0001663577-22-000436.txt

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