secwatch.observer — SEC 8-K summary
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Issuer:     Quality Industrial Corp. (QIND)
CIK:        0001393781
Form:       8-K/A
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001663577-23-000237
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QIND closes 52% stake in Quality International; total consideration up to $137M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393781/000166357723000237/0001663577-23-000237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393781/000166357723000237/qind8k_051223.htm
  HTML page:      https://secwatch.observer/filing/0001663577-23-000237

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