Quality Industrial Corp. filings document material-event disclosures for an industrial and energy-focused LPG business and its majority-owned operating subsidiary, Al Shola Gas. The company’s Form 8-K reports and amendments furnish annual results, shareholder letters, operational performance updates, and forward-looking risk language tied to LPG engineering, maintenance, and distribution activity.
Its regulatory record also covers governance changes, board structure, debt reduction, capital-structure matters, and shareholder voting materials related to authorized common stock. These filings provide formal disclosure on operating results, corporate actions, and management updates for QIND’s public-company reporting.
Quality Industrial Corp. (QIND) announced an amendment restructuring the remaining purchase price for its 51% interest in Al Shola Gas and a conditional share exchange with majority shareholder Fusion Fuel Green PLC. Subject to closing conditions, Fusion Fuel will issue 500,000 Class A Ordinary Shares to Al Shola Gas’s three minority shareholders to satisfy $2.0 million of QIND’s purchase price; QIND will issue Fusion Fuel $2.0 million of QIND common stock as consideration.
After the $2.0 million portion is satisfied and subject to the ASG Shareholders’ cooperation obligations, $6.98 million remains payable on or before December 31, 2027. If Fusion Fuel’s shares are not issued by December 31, 2026 because the exchange has not closed, QIND must within ten calendar days thereafter pay $2.0 million in cash or deliver exchange-listed securities valued at $2.0 million. Al Shola Gas will distribute quarterly dividends equal to prior-quarter Profits, pro rata to equity interests, starting in the third quarter of 2026 unless its board decides otherwise. The amendment removes QIND’s former financing commitments for Al Shola Gas and gives QIND an option, exercisable at its sole discretion on or before March 27, 2027, to buy all or part of the minority shareholders’ 49% stake at $65,359.48 per share. QIND disclosed material uncertainty about its ability to continue as a going concern, including matured, unpaid convertible notes and dependence on external financing.
Quality Industrial Corp. (QIND) filed amended and restated articles effective October 2, 2026, changing several common-stockholder rights. The authorized common stock increased from 450,000,000 to 1,000,000,000 shares; the company said the added capacity could dilute ownership and voting interests if additional shares are issued. Authorized preferred stock remains 1,000,000 shares.
The new articles allow the board to authorize a sale, lease or exchange of all or substantially all assets without a stockholder vote. They extend liability protection to officers, require indemnification and permit expense advances subject to repayment undertakings. Certain internal corporate claims are assigned to Nevada state courts, while Securities Act and Exchange Act claims are excluded. The articles also opt out of specified Nevada control-share acquisition statutes and waive certain corporate opportunities, subject to an exception. Fusion Fuel Green PLC, holder of approximately 51.9% of QIND’s voting power, approved the articles by written consent on August 31, 2026.
Quality Industrial Corp. (symbol: QIND) is the issuer of record for a Form 8-K filing submitted to the SEC.
Quality Industrial Corp. (QIND) amended its corporate charter structure by filing a Certificate of Withdrawal on September 11, 2026, with the Nevada Secretary of State to withdraw the Certificate of Designation for its Series A Preferred Stock, originally filed on April 4, 2018.
The Series A Preferred Stock, par value $0.001, had no shares outstanding at the time of withdrawal. The board of directors authorized this action. Following the withdrawal, Series A Preferred Stock is no longer a designated series, all related charter references have no further force or effect, and the previously designated shares revert to authorized but undesignated preferred stock available for future designation.
Quality Industrial Corp. (QIND) obtained written consent from its board and a stockholder holding approximately 51.9% of voting stock to adopt Second Amended and Restated Articles of Incorporation. These will, among other changes, increase authorized common shares from 450,000,000 to 1,000,000,000 (the “Authorized Share Increase”).
The amendments also authorize the board to sell, lease or exchange all or substantially all company assets without stockholder approval, broaden limitations on director and officer liability, add indemnification and expense advancement provisions, introduce a Nevada-exclusive forum clause for most internal corporate claims, opt out of Nevada’s control share statute, and adopt a corporate opportunity waiver. The changes are expected to become effective on or about October 1, 2026, at least 20 days after mailing of this information statement.
Quality Industrial Corp. (QIND) has obtained written consent from its board and a stockholder holding approximately 51.9% of its voting stock to adopt Second Amended and Restated Articles of Incorporation. The changes will become effective upon filing with the Nevada Secretary of State, expected on or about October 1, 2026, at least 20 days after mailing this information statement.
The amendments increase authorized common stock from 450,000,000 to 1,000,000,000 shares, while preferred stock authorization remains at 1,000,000 shares. As of August 31, 2026, QIND had 193,500,498 common shares outstanding and no Series B preferred outstanding. The board is newly empowered to sell, lease or exchange all or substantially all of the company’s assets without stockholder approval.
The revisions also broaden director and officer liability protections, add explicit indemnification and advancement-of-expense rights, adopt an exclusive Nevada forum for most internal corporate claims, opt out of Nevada’s control share statute, and include a corporate opportunity waiver that allows specified insiders and their affiliates to pursue certain business opportunities without offering them to the company.
Quality Industrial Corp. reported for the quarter and six months ended June 30, 2026. Six‑month revenue was $7,199,666 versus $7,630,934 a year earlier, with gross profit of $2,032,540. Operating performance improved to operating income of $307,950 compared with a prior‑year loss.
After interest and other items, six‑month net income was $198,150, but due to strong results at majority‑owned Al Shola Gas, net loss attributable to QIND stockholders was $23,474. The balance sheet shows total assets of $17,085,150, including $8,411,100 of goodwill, against total liabilities of $18,500,414, leaving a shareholders’ equity deficit of $1,415,264, though this deficit narrowed from year‑end.
Cash flow from operations for the first half was a use of $341,094, with cash and equivalents declining to $150,012. Liabilities include $2,493,483 of convertible debt and $4,771,169 due to majority owner Fusion Fuel under financing arrangements. Management states that continuation as a going concern depends on generating sufficient revenue and accessing additional debt or equity financing.
Quality Industrial Corp. entered into a Promissory Note & Loan Modification and Forbearance Agreement with RB Capital Partners covering two previously issued convertible notes with original principal of $1,100,000 and $200,000. As of June 30, 2026, the aggregate amount outstanding under these notes was $1,587,439.64.
The company agreed to pay a total of $1,675,000 in 19 installments from July 30, 2026 through January 15, 2028, with no additional interest so long as no default occurs. A $30,000 timely payment discount can reduce the final installment. The notes’ term is extended to March 1, 2028, and RB Capital agrees to forbear from enforcing remedies during a defined forbearance period, subject to detailed default and cure provisions and a 5% default interest rate on unpaid amounts after default.
The holder’s right to convert principal into common stock at $1.00 per share, subject to beneficial ownership limitations, is expressly preserved; any converted principal reduces the payment schedule. Mutual releases and covenants not to sue become fully effective when the payment amount is paid in full, and any conversion shares are expected to be issued in transactions exempt from registration under Section 4(a)(2) and/or Regulation D.
Quality Industrial Corp. reported modestly higher revenue and a near break-even bottom line for the three months ended March 31, 2026. Revenue was $3.67 million, slightly above the prior-year period’s $3.62 million, generating gross profit of about $1.0 million.
Operating expenses fell sharply to $824,780 from $1.90 million, lifting operating results from a $947,122 loss to operating income of $175,820. Net income attributable to QIND stockholders was just $8,828, effectively break-even on a basic and diluted EPS of $0.00.
The balance sheet remains strained. Total assets were $16.90 million against total liabilities of $18.42 million, leaving an equity deficit of $1.52 million. Current liabilities of $18.04 million far exceed current assets of $7.30 million, and cash was $172,548, with $309,650 of net cash used in operating activities.
Management disclosed a going concern uncertainty, stating the company’s ability to continue depends on generating sufficient revenue and raising capital through borrowings and security sales. Subsequent events include new ASG subcontracts worth about $1.14 million, an authorized share increase to 450 million, and a leadership change appointing Carsten Kjems Falk as CEO.
Quality Industrial Corp. announced a leadership change, with John-Paul Backwell resigning as Chief Executive Officer effective April 20, 2026, for personal and health reasons while remaining on the board. The board appointed Carsten Kjems Falk as Chief Executive Officer, and he will also continue serving as Interim Chief Financial Officer and a director.
Falk has held multiple senior roles at the company since 2020, including prior service as CEO and Chief Commercial Officer, and brings experience from SaaS, FMCG, energy, and Domino’s Pizza Denmark. The company issued a press release on April 23, 2026, highlighting its focus on disciplined execution, operational efficiency, and ongoing strategic transactions, while cautioning that forward-looking statements are subject to significant risks and uncertainties.