{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-23-000237","form_type":"8-K/A","ticker":"QIND","cik":"0001393781","company_name":"Quality Industrial Corp.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.683148+00:00","generated_at":"2026-06-15T00:51:09.798430+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"QIND closes 52% stake in Quality International; total consideration up to $137M","bullets":["Total consideration up to $137M cash in six tranches tied to financial milestones; committed amount $82M.","Acquisition closed March 6, 2023; pro forma combined revenue $65.6M, net income $6.77M for FY2022.","Goodwill recorded $56.4M; minority interest $23.6M in pro forma balance sheet.","Target provides custom solutions for oil, gas, energy, water desalination, and wastewater sectors."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-23-000237","json":"https://secwatch.observer/filing/0001663577-23-000237.json","markdown":"https://secwatch.observer/filing/0001663577-23-000237.md","text":"https://secwatch.observer/filing/0001663577-23-000237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000237/0001663577-23-000237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000237/qind8k_051223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:51:09.798430+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":"9adcdcaf7f25b1bc70947ca49027911711fd7789","claim":"Quality Industrial Corp. completed an acquisition involving shareholders of Quality International for up to $137,000,000 in cash (closed 2023-03-06).","evidence_excerpt":"International Co Ltd FZC (the “Shares”). On Closing Date March 6, 2023, QIND completed acquision of Quality International . 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. The following","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000237/0001663577-23-000237-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"shareholders of Quality International"},{"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"}