{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-23-000018","form_type":"8-K","ticker":"QIND","cik":"0001393781","company_name":"Quality Industrial Corp.","filed_at":"2023-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.735008+00:00","generated_at":"2026-06-20T13:53:04.008831+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Quality Industrial Corp. agrees to buy 52% of Quality International for up to $137M","bullets":["Purchase price up to $137M in six cash tranches; first $1M already paid.","Second and third tranches total $81M due within 210 days of closing.","Remaining $55M payable in three tranches contingent on 2023 and 2024 audited EBITDA targets.","Target company manufactures solutions for oil/gas, energy, water, and offshore sectors.","Buyer gets two board seats; existing shareholders get two; independent seat to be mutually chosen."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-23-000018","json":"https://secwatch.observer/filing/0001663577-23-000018.json","markdown":"https://secwatch.observer/filing/0001663577-23-000018.md","text":"https://secwatch.observer/filing/0001663577-23-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000018/0001663577-23-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000018/qind8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T13:53:04.008831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b8a5b142108e5aba1d5483dfaabde0d73759b66","claim":"Quality Industrial Corp. entered into Stock Purchase Agreement with shareholders of Quality International valued at up to $137,000,000 in cash (effective 2023-01-18).","evidence_excerpt":"On January 18, 2023, we entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with the shareholders of Quality International, which agreement provided for our purchase of 52% (increased by 1% over the Agreement) of the shares of Quality International Co Ltd FZC (the “Shares”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000018/0001663577-23-000018-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"shareholders of Quality International"},{"label":"Value","value":"up to $137,000,000 in cash"},{"label":"Effective","value":"2023-01-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}