secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001663577-23-000103
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quality Industrial completes purchase of 52% of Quality International for up to $137M cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/0001663577-23-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000166357723000103/qind8k030923.htm
  HTML page:      https://secwatch.observer/filing/0001663577-23-000103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer