Mergers & Acquisitions ·
Quality Industrial restructures $10M Al Shola Gas purchase price, removes financing obligations
QINDQuality Industrial Corp.
Quality Industrial Corp. amended its Share Purchase Agreement for a 51% stake in Al Shola Gas to remove legacy debt financing and credit facility commitments. The restructuring introduces quarterly dividend distributions from the subsidiary starting Q3 2026 and grants Quality Industrial an option to acquire the remaining 49% ownership by March 2027. Concurrently, Quality Industrial entered a Share Exchange Agreement with majority shareholder Fusion Fuel Green PLC; subject to closing conditions, Fusion Fuel will issue 500,000 Class A Ordinary Shares to minority shareholders to satisfy $2.0 million of the purchase price, in exchange for $2.0 million of Quality Industrial common stock. The remaining $6.98 million is payable by December 31, 2027. Quality Industrial Corp. operates as an industrial energy company specializing in LPG infrastructure and distribution.