Highest-materiality recent filing
Quality Industrial Corp. enters forbearance on $1.587M notes; to pay $1.675M by Jan 2028
Forbearance agreement with RB Capital Partners covers two convertible notes totaling $1.587M outstanding as of June 30, 2026.
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.
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 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.
Purchase price for 52% of Quality International remains up to $137M; payment schedule extended with break fees.
QIND closes 52% stake in Quality International; total consideration up to $137M
Total consideration up to $137M cash in six tranches tied to financial milestones; committed amount $82M.
Quality Industrial completes purchase of 52% of Quality International for up to $137M cash
Transaction closed March 6, 2023; purchase price up to $137M in cash paid in six tranches.
QIND to acquire 51% of Petro Line FZ-LLC for up to $1.53M in cash, contingent on milestones
Purchase price up to $1.53M in cash, paid in three tranches; first $500K due within 14 days of signing.
Quality Industrial Corp. agrees to buy 52% of Quality International for up to $137M
Purchase price up to $137M in six cash tranches; first $1M already paid.
Quality Industrial swaps CEO and CCO roles; Falk and Blackwell exchange positions
Carsten Falk resigned as CEO, appointed as Chief Commercial Officer effective Oct 21, 2022.
Quality Industrial dismisses Boyle CPA, engages Pipara & Co; prior audits had going concern
Dismissed Boyle CPA on Aug 22, 2022; engaged Pipara & Co LLP on Aug 19, 2022 as new auditor.
QIND issues $1.1M convertible note for first tranche of UAE acquisition
Two-year convertible note with principal of $1,100,000, 7% interest, conversion at $1.00/share.
Wikisoft signs binding LOI to acquire 51% of Quality International for $300M valuation
Total valuation $300M; 51% purchase for $100M cash (over 1 yr) and $50M in convertible preferred shares.
Wikisoft acquired by ILUS subsidiary; plans name and ticker change
Wikisoft Corp. (WSFT) acquired by Emergency Response Technologies, subsidiary of ILUS International (ILUS).
Ilustrato Pictures International Inc. acquired 77,669,078 shares (77%) for $500,000 from Modern Art Foundation, Rene Lauritsen, and Fastbase Holding.
Wikisoft acquires 51% membership interest in Etheralab LLC for $510K in stock, plus IP license
Issued 2,550,000 common shares at $0.20/share (aggregate $510,000) for 51% membership interest in Etheralab LLC.
Wikisoft common stock begins trading on OTCQB under symbol WSFT
Common stock commenced trading on OTCQB Venture Market as of August 17, 2021, under ticker WSFT.
Wikisoft Corp. changes control as Terje Aarbogh acquires 80% stake via donation
Saqoia Corp. donated 72,895,078 shares (80% of outstanding) to Modern Art Foundation Inc., beneficially owned by Terje Aarbogh.
On September 2, 2024, the Board appointed Sanjeeb Safir as our newly appointed Managing Director for the Middle East Region.
On October 21, 2022, Carsten Falk resigned as our Chief Executive Officer and John-Paul Blackwell resigned as our Chief Commercial Officer. Also on October 21, 2022, our board of directors appointed Mr. Backwell as our Chief Executive Officer and Mr. Falk as our Chief Commercial Officer.
On October 21, 2022, Carsten Falk resigned as our Chief Executive Officer and John-Paul Blackwell resigned as our Chief Commercial Officer. Also on October 21, 2022, our board of directors appointed Mr. Backwell as our Chief Executive Officer and Mr. Falk as our Chief Commercial Officer.
Max materiality 0.90 · Median 0.65 · Most common event m_and_a