Recent Updates — QIND
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.
Quality Industrial Corp. filed its Second Amended and Restated Articles of Incorporation with the Nevada Secretary of State on October 2, 2026, following approval by its Board and Fusion Fuel Green PLC, which holds approximately 51.9% of voting power. The filing increases authorized common stock from 450 million to 1 billion shares, potentially diluting existing ownership. It also removes the requirement for shareholder approval in asset sales, expands director and officer liability limitations, adds indemnification provisions, establishes an exclusive forum in Nevada state courts, opts out of control-share acquisition restrictions, and includes a corporate opportunity waiver. Quality Industrial Corp. operates in the industrial sector.
Quality Industrial Corp. entered into a Share Exchange Agreement with Fusion Fuel Green PLC and three investors to restructure the $10,000,000 purchase price for its 51% stake in Al Shola Gas Distribution L.L.C. Under the agreement, Fusion Fuel will issue 500,000 Class A ordinary shares valued at $2,000,000 to investors Sanjeeb Safir (40%), Safir Ahammed (40%), and Mohamed Almheiri (20%). In exchange, Quality Industrial Corp. will issue common stock with an aggregate value of $2,000,000 to Fusion Fuel. The remaining purchase price consists of a $6,000,000 payment and a $980,000 cash payment due by December 31, 2027. The transaction is subject to Nasdaq listing approval for the Parent Shares. Quality Industrial Corp. operates in the industrial sector.
Quality Industrial Corp. entered into a Forbearance Agreement with RB Capital Partners, Inc. to address $1,587,439.64 in outstanding convertible promissory notes. The company will pay an aggregate amount of $1,675,000 in 19 monthly installments from July 30, 2026, to January 15, 2028, which includes all accrued interest. A $30,000 timely payment discount is available if all first 18 installments are made on time. Quality Industrial Corp. is an industrial company providing various products and services.