---
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"
generated_at: "2026-06-20T13:53:04.008831+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Quality Industrial Corp. agrees to buy 52% of Quality International for up to $137M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000018
- JSON: https://secwatch.observer/filing/0001663577-23-000018.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000018.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: shareholders of Quality International
  - Value: up to $137,000,000 in cash
  - Effective: 2023-01-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1393781/000166357723000018/0001663577-23-000018-index.htm

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