{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-23-000449","form_type":"8-K","ticker":"QIND","cik":"0001393781","company_name":"Quality Industrial Corp.","filed_at":"2023-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.774994+00:00","generated_at":"2026-06-11T03:22:08.848559+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Quality Industrial enters $2M share buy-back financing to fund acquisition of Quality International stake","bullets":["Issues 6,410,971 common shares to Artelliq for $2M (AED 7.34M); immediately agrees to buy them back for $2,398,693 (AED 8.808M).","Buy-back price includes daily installments of USD 1,111.11 (AED 4,080); monthly average USD 33,333.33 (AED 122,400).","Proceeds used to fulfill payment obligations under Amended QI Purchase Agreement for 52% of Quality International.","Guarantee & Indemnity Agreement signed by ILUS and other guarantors; Artelliq may demand immediate buy-back on default.","Artelliq appoints an internal auditor with broad oversight over the acquired company's finances and operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-23-000449","json":"https://secwatch.observer/filing/0001663577-23-000449.json","markdown":"https://secwatch.observer/filing/0001663577-23-000449.md","text":"https://secwatch.observer/filing/0001663577-23-000449.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000449/0001663577-23-000449-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393781/000166357723000449/qind8k082123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T03:22:08.848559+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}