Highest-materiality recent filing
Quality Industrial CEO John-Paul Backwell resigns; Carsten Kjems Falk appointed new CEO
John-Paul Backwell resigned as CEO on April 20, 2026 for personal/health reasons; remains on board.
Quality Industrial reports FY2025 revenue up 46% to $16.3M, but GAAP net loss of $4.6M on write-offs
Revenue $16.3M, +45.9% YoY; gross profit $4.8M (+20.8%); GAAP net loss $4.6M vs income $0.3M prior year.
Quality Industrial Corp reports FY 2025 revenue up 45.9% to $16.3M; adjusted net income $566K
Revenue $16.3M (+45.9% YoY); reported net loss $4.6M, adjusted net income $566K vs $160K.
QIND reports 32% revenue growth, debt reduction, board restructuring, Fusion Fuel deal progress
Al Shola Gas revenue grew 32.1% YoY in Q3 2025; total debt reduced by ~$1M and accounts payable by ~$1M.
Quality Industrial appoints Interim CFO, new COO, Chairman and Director in leadership realignment
Carsten Kjems Falk appointed Interim CFO and Director; Krishnan Krishnamoorthy resigned as CFO, no disagreement.
Quality Industrial closes sale of 69.36% stake to Fusion Fuel; control changes
Stock Purchase Agreement closed Nov 26, 2024: Sellers transferred 78,312,334 common shares and 20,000 Series B Preferred shares (69.36% of outstanding capital) to Fusion Fuel.
Fusion Fuel Green to acquire ~69% stake in Quality Industrial in stock swap
Sellers transfer 78,312,334 common + 20,000 Series B preferred shares (~69% of QIND) to Fusion Fuel.
Actelis Networks terminates deal to acquire 61%-70% of Quality Industrial
ASNS gave 30-day termination notice on Oct 10, 2024; term sheet canceled Nov 11, 2024.
Quality Industrial appoints Sanjeeb Safir as Managing Director for Middle East region
Mr. Safir appointed Managing Director for Middle East, effective September 2, 2024.
Non-solicitation and no-shop periods extended to October 1, 2024; earlier termination on Sept 15 if conditions unmet.
Quality Industrial Corp. appoints new auditor after Pipara & Co LLP resigns; going concern noted
Pipara & Co LLP resigned as independent auditor effective August 13, 2024.
Quality Industrial Corp. appoints Bush and Associates CPA as new auditor
On August 19, 2024, engaged Bush and Associates CPA as new independent registered public accounting firm.
Quality Industrial Corp. replaces auditor Pipara & Co with Bush and Associates CPA
Pipara & Co resigned as independent auditor effective Aug 13, 2024; Bush and Associates CPA appointed Aug 19, 2024.
Quality Industrial acquires 51% of Al Shola Gas for $10M; pro forma revenue $10.8M, net loss $2.37M
Purchase price $10M: $9M in stock/cash over 24 months post-uplist, $1M cash in 12 months.
Quality Industrial signs binding term sheet for Actelis to acquire 61-75% of QIND shares
Actelis will issue 19.99% of its common stock plus preferred non-voting shares as consideration.
Quality Industrial terminates QI purchase agreement; will restate 2022 financials
Terminated stock purchase agreement to acquire 52% of Quality International Co Ltd FZC after failed negotiations.
QIND acquires 51% of Al Shola Gas for $10M; payment tied to national exchange uplist
Purchase price of $10M: $9M in stock or cash in 8 quarterly tranches after uplist, plus $1M cash within 12 months.
On September 2, 2024, the Board appointed Sanjeeb Safir as our newly appointed Managing Director for the Middle East Region.
Max materiality 0.85 · Median 0.70 · Most common event m_and_a