{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-23-000103","form_type":"8-K","ticker":"QIND","cik":"0001393781","company_name":"Quality Industrial Corp.","filed_at":"2023-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.735433+00:00","generated_at":"2026-06-18T06:48:42.896612+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Quality Industrial completes purchase of 52% of Quality International for up to $137M cash","bullets":["Transaction closed March 6, 2023; purchase price up to $137M in cash paid in six tranches.","First two tranches of $1M and $15M paid; third tranche of $66M due within 210 days.","Remaining $55M contingent on Quality International achieving minimum audited EBITDA targets for 2023 and 2024.","Quality International manufactures custom solutions for oil & gas, energy, water, and public safety sectors."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-23-000103","json":"https://secwatch.observer/filing/0001663577-23-000103.json","markdown":"https://secwatch.observer/filing/0001663577-23-000103.md","text":"https://secwatch.observer/filing/0001663577-23-000103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/0001663577-23-000103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/qind8k030923.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T06:48:42.896612+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":"91140626c59d4ec27bfb1ff74d1f2ddd799f104a","claim":"Quality Industrial Corp. completed an acquisition involving shareholders of Quality International Co Ltd FZC for up to $137,000,000 in cash (closed 2023-03-06).","evidence_excerpt":"which includes a Shareholders Agreement for the ongoing governance of Quality International, and the transaction has closed. The purchase price for the Shares shall be up to $137,000,000 in cash, paid in six tranches, subject to the achievement of financial milestones presented in a schedule of payments which are set forth in the Purchase Agreement. We have paid","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/0001663577-23-000103-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"shareholders of Quality International Co Ltd FZC"},{"label":"Consideration","value":"up to $137,000,000 in cash"},{"label":"Closing","value":"2023-03-06"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}