UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14C
Information
Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934
(Amendment
No. )
Check
the appropriate box:
| ☒ |
Preliminary
Information Statement |
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| ☐ |
Confidential,
for Use of the Commission Only (as permitted by Rule 14c-5(d)(2)) |
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| ☐ |
Definitive
Information Statement |
Quality
Industrial Corp.
(Name
of Registrant As Specified In Its Charter)
Payment
of Filing Fee (Check the appropriate box):
| ☒ |
No
fee required |
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| ☐ |
Fee
paid previously with preliminary materials. |
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| ☐ |
Fee
computed on table in exhibit required by Item 25(b) of Schedule 14A (17 CFR 240.14a-101) per Item 1 of this Schedule and Exchange
Act Rules 14c-5(g) and 0-11 |
SCHEDULE
14C INFORMATION
Information
Statement Pursuant to Regulation 14C
of
the Securities Exchange Act of 1934, as amended
Quality
Industrial Corp.
505
Montgomery Street
San
Francisco, CA 94104
(800)
-706-0806
February
__, 2026
WE
ARE NOT ASKING YOU FOR A PROXY AND
YOU
ARE REQUESTED NOT TO SEND US A PROXY
NOTICE
IS HEREBY GIVEN that, on January 20, 2026 (the “Record Date”), the board of directors of Quality Industrial Corp., a Nevada
corporation (the “Company,” “we” or “us”), and January 20, 2026 the stockholders of approximately
53.5% of the Company’s voting stock (the “Consenting Stockholders”), approved an amendment to our Articles of Incorporation
(the “Amendment”) described below by written consent in accordance with the Nevada Revised Statutes and the Company’s
bylaws (the “Bylaws”) and without a meeting of stockholders. The Amendment increases the Company’s authorized share
capital from 200,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”) to 450,000,000 shares of
Common Stock. The number of authorized shares of preferred shares (the “Preferred Stock”) is not affected by the Amendment.
WE
ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
No
action is required by you. The enclosed Information Statement is being furnished to all stockholders of record of the shares of the Common
Stock of the Company, as of the close of business on the Record Date.
Section
78.320 of the Nevada Revised Statutes and Section 13 of Article III of the Bylaws provide that any action required to be taken at any
annual or special meeting of stockholders of a corporation, or any action which may be taken at any annual or special meeting of such
stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth
the action so taken, shall be signed by the stockholders of outstanding stock, having not less than the minimum number of votes that
would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted.
Because the Consenting Stockholders have voted in favor of the Amendment and have sufficient voting power to approve the increase in
authorized share capital, no other stockholder consents will be solicited in connection with the Amendment described in this Information
Statement. The Board is not soliciting your proxy, and proxies are not requested from stockholders.
On
the Record Date, there were 179,110,820 shares of Common Stock outstanding. The Company also has the following shares of Preferred Stock:
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(i) |
100
shares of Class A preferred stock authorized and none of Class A preferred stock issued, with voting rights of 40,000 shares of Common
Stock for every one share of Class A preferred stock; |
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(ii) |
200,000
shares of Class B preferred stock authorized and 8,500 shares of Class B preferred stock issued, with voting rights of 1,000 shares
of Common Stock for every one share of Class B preferred stock; |
The
purpose of the Information Statement is to notify our stockholders that the Amendment has been approved by the Consenting Stockholders.
You are urged to read the Information Statement in its entirety for a description of the actions taken by the Consenting Stockholders
of the Company. The Amendment will become effective on a date that is not earlier than twenty (20) calendar days after this Information
Statement is first mailed to our stockholders.
This
Information Statement is being mailed on or about February __, 2026 to stockholders of record on the Record Date. We have asked
or will ask brokers and other custodians, nominees, and fiduciaries to forward this Information Statement to the beneficial owners of
our common stock held of record by such persons.
THIS
IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS’ MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
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Sincerely, |
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/s/
John-Paul Backwell |
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John-Paul
Backwell |
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Chief
Executive Officer |
QUALITY
INDUSTRIAL CORP.
505
Montgomery Street
San
Francisco, CA 94104
(800)
-706-0806
February
__, 2026
INFORMATION
STATEMENT
PURSUANT
TO SECTION 14(C)
OF
THE SECURITIES EXCHANGE ACT OF 1934
AND
RULE 14C-2 THEREUNDER
NO
VOTE OR OTHER ACTION OF THE COMPANY’S STOCKHOLDERS IS REQUIRED IN CONNECTION WITH THIS INFORMATION STATEMENT
WE
ARE NOT ASKING YOU FOR A PROXY AND
YOU
ARE REQUESTED NOT TO SEND US A PROXY
This
Information Statement is being furnished to the holders of record of the shares of the common stock, with a par value of $0.001 per share
(the “Common Stock”), of Quality Industrial Corp., a Nevada corporation (the “Company”), as of the close of business
on the record date, January 20, 2026 (the “Record Date”). The purpose of the Information Statement is to notify our stockholders
that on January 20, 2026, the Company received the written consent in lieu of a meeting (the “Board Consent”) from the board
of directors of the Company (the “Board”) and on January 20, 2026, the Company received a written consent in lieu of a meeting
from the stockholders of approximately 53.5% of the voting stock (the “Consenting Stockholders”) of the Company.
The
Board and the Consenting Stockholders adopted resolutions that authorized an amendment (“Amendment”) to the Company’s
Articles of Incorporation (the “Articles”) to effect an increase in the Company’s authorized share capital from 200,000,000
shares of common stock, par value $0.001 per share (the “Common Stock”) to 450,000,000 shares of Common Stock (the “Authorized
Share Increase”).
The
Authorized Share Increase will become effective on a date that is not earlier than twenty (20) calendar days after this Information Statement
is first mailed to our stockholders.
Because
the Consenting Stockholders have voted in favor of the Authorized Share Increase, and have sufficient voting power to approve such actions,
no other consents will be solicited in connection with the transactions described in this Information Statement. The Board is not soliciting
proxies in connection with the adoption of these actions, and proxies are not requested from stockholders.
This
Information Statement is being mailed on or about February __, 2026 to stockholders of record on the Record Date. We have asked
or will ask brokers and other custodians, nominees and fiduciaries to forward this Information Statement to the beneficial owners of
our common stock held of record by such persons.
Section
78.320 of the Nevada Revised Statutes and Section 13 of Article III of the Bylaws provide that any action required to be taken at any
annual or special meeting of stockholders of a corporation, or any action which may be taken at any annual or special meeting of such
stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth
the action so taken, shall be signed by the stockholders of outstanding stock, having not less than the minimum number of votes that
would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted.
Because the Consenting Stockholders have voted in favor of the Amendment and have sufficient voting power to approve the Authorized Share
Increase, no other stockholder consents will be solicited in connection with the Amendment described in this Information Statement. The
Board is not soliciting your proxy, and proxies are not requested from stockholders.
WE
ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
SUMMARY
INFORMATION
The
purpose of the Amendment is to effect the Authorized Share Increase. You should read in their entirety this Information Statement and
the other documents included or referred to in this Information Statement in order to fully understand the matters discussed in this
Information Statement.
| Why
am I receiving this Information Statement? |
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It
is for your information only. The Authorized Share Increase was approved on January 20, 2026, by written consent of the Board, and on
January 20, 2026, by written consent of the Consenting Stockholders. Under these circumstances, federal securities laws require us to
furnish you with this Information Statement at least 20 calendar days before effecting the action. |
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| Who
is Entitled to Notice? |
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Each
stockholder of record of outstanding shares of our Common Stock on the Record Date is entitled to notice of the actions taken pursuant
to the written consent of the stockholders. |
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| Why
Did the Company Seek Stockholder Approval? |
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The
approval of a majority of the voting power of the stockholders of the Company is required to approve the Amendment in order to implement
the Authorized Share Increase pursuant to Section 78.390 of the Nevada Revised Statutes. |
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| Why
was the Amendment adopted? |
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The
Amendment was adopted for the purpose of increasing the authorized shares of Common Stock. The Amendment was approved by the Company
for the reasons and benefits described below. |
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Am
I being asked to approve the
Authorized
Share Increase? |
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No.
The Authorized Share Increase has already been approved by the stockholders of a majority of our voting power and the unanimous written
consent of our Board of Directors. No further stockholder approval is required. |
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| What
will the Amendment do? |
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Our
Articles of Incorporation authorizes for issuance 200,000,000 shares of Common Stock, of which 179,110,820 shares of Common Stock
are outstanding as of the Record Date. The Amendment will increase our authorized capital stock from 200,000,000 to 450,000,000 shares
of Common Stock. |
AUTHORIZED
SHARE INCREASE
The
Company is currently authorized to issue up to 200,000,000 shares of Common Stock, and 1,000,000 shares of Preferred Stock, of which
100 are designed as Class A, and 200,000 shares as Class B.
As
of the Record Date, we had 179,110,820 shares of Common Stock issued and outstanding and 0 shares of Class A issued and outstanding,
8,500 Class B issued and outstanding.
The
Amendment will not affect the terms of the outstanding Common Stock or the rights of the stockholders of the Common Stock.
The
purpose of the Authorized Share Increase is to make available additional shares of Common Stock for issuance in order to meet all of
the current obligations of the Company to issue Common Stock, including under the Company’s outstanding convertible securities,
and for general corporate purposes, without the requirement of further action by the stockholders of the Company
Following
the Authorized Share Increase, the Company intends to treat stockholders holding the Common Stock in “street name,” through
a bank, broker or other nominee, in the same manner as registered stockholders whose shares are registered in their names. Stockholders
who hold their shares with such a bank, broker or other nominee and who have any questions in this regard are encouraged to contact their
nominees.
Certain
Risk Factors Associated with the Authorized Share Increase
In
evaluating the Authorized Share Increase, the Board also took into consideration negative factors associated with authorized share increases.
These factors included the negative perception of authorized share increases by some investors, analysts and other stock market participants,
as well as various other risks and uncertainties that surround the implementation of an authorized share increase, including the risk
that there can be no assurance that the market price per share of the Common Stock after the Authorized Share Increase will remain unchanged.
In the long term the price per share depends on many factors, including our performance, prospects and other factors, some of which are
unrelated to the number of shares outstanding. If the Authorized Share Increase is consummated and the trading price of the Common Stock
declines, the percentage decline as an absolute number and as a percentage of the Company’s overall market capitalization may be
greater than would occur in the absence of the Authorized Share Increase. The history of similar authorized share increases for companies
in similar circumstances is varied.
Upon
the effectiveness of the Authorized Share Increase, the Company will have the ability to issue additional shares of Common Stock. Any
such issuance may result in the dilution of the ownership interests of our then current stockholders. In addition to issuing shares of
Common Stock to the stockholders of outstanding convertible debentures and preferred stock, we will have the ability to issue shares
of stock in connection with hiring or retaining employees or consultants, future acquisitions, future sales for capital raising, or for
other business purposes. The future issuance of any addition shares of our Common Stock may create downward pressure on the trading price
of the Common Stock. We may need to raise additional capital in the near future to meet our working capital needs, and there can no assurance
that we will not be required to issue additional shares, warrants or other convertible securities in the future in conjunction with the
capital raising efforts, including at a price (or exercise prices) below the price you paid for your stock.
The
Board, however, has determined that the potential advantages of the Authorized Share Increase outweigh the potential disadvantages associated
with the increase in the authorized shares of Common Stock. The Board believes that such increase is necessary so that the stockholders
of outstanding securities can convert and obtain shares of Common Stock, and would provide greater flexibility to pursue corporate transactions
and relationships which have the potential to facilitate the Company’s growth and development and its ability to compete successfully.
If we fail to facilitate growth and development, we may not be able to generate revenues or achieve profitability, and our stockholders
may lose their entire investment in us.
The
text of the proposed Amendment which contains the Authorized Share Increase is attached hereto as Appendix A.
INTERESTS
OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON
Our
directors and executive officers, and each associate of the foregoing persons, have no substantial interests, directly or indirectly,
in the Authorized Share Increase.
Appraisal
Rights
Under
the Nevada Revised Statutes, our stockholders are not entitled to dissenters’ or appraisal rights with respect to the proposed
Authorized Share Increase and the change to our Articles of Incorporation and we will not independently provide our stockholders with
any such rights.
THE
AMENDMENT TO OUR ARTICLES OF INCORPORATION HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION PASSED UPON THE FAIRNESS OR MERIT OF THE AMENDMENT NOR UPON THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED IN THIS INFORMATION STATEMENT AND ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The
table below provides information regarding the beneficial ownership of our Common Stock as of January 20, 2026, of (i) our directors
Frederico Figueira de Chaves, John-Paul Backwell, and Carsten Kjems Falk, (ii) each of John-Paul Backwell and Sanjeeb Safir Krishnamoorthy
and Carsten Kjems Falk (the named executive officers), (iii) all of our current directors and executive officers as a group, and (iv)
each person (or group of affiliated persons) known to us who owns more than 5% of our outstanding Common Stock.
The
beneficial ownership of our Common Stock is determined in accordance with the rules of the Securities and Exchange Commission (the “SEC”).
Under these rules, a person is deemed to be a beneficial owner of a security if that person directly or indirectly has or shares voting
power, which includes the power to vote or to direct the voting of the security, or investment power, which includes the power to dispose
of or to direct the disposition of the security. The person is also deemed to be a beneficial owner of any security of which that person
has a right to acquire beneficial ownership within 60 days. Under the SEC rules, more than one person may be deemed to be a beneficial
owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which such person may not have
any pecuniary interest.
The
percentage of shares of Common Stock beneficially owned is based on 179,110,820 shares of Common Stock outstanding as of January 20,
2026.
Unless
otherwise indicated below each person has sole voting and investment power with respect to the shares beneficially owned.
| Name and address of Beneficial Owner | |
Title of Class | |
Number of Shares
Beneficially Owned | | |
Percentage of Class | |
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5% or greater stockholders | |
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| Fusion Fuel Green PLC (1) | |
Common Stock | |
| 100,312,334 | (1) | |
| 53.3 | % |
| New York, NY | |
Class B Preferred Stock(2) | |
| 8,500 | | |
| 100 | % |
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Directors and Named Executive Officers | |
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Frederico Figueira de Chaves 505 Montgomery Street San Francisco, CA 94104 | |
Common Stock | |
| 0 | | |
| 0 | % |
John-Paul Backwell 505 Montgomery Street San Francisco, CA 94104 | |
Common Stock | |
| 0 | | |
| 0 | % |
Sanjeeb Safir 505 Montgomery Street San Francisco, CA 94104 | |
Common Stock | |
| 0 | | |
| 0 | % |
Carsten Kjems Falk 505 Montgomery Street San Francisco, CA 94104 | |
Common Stock | |
| 0 | | |
| 0 | % |
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All officers and directors as a group (4 persons)(3) | |
| 0 | | |
| 0 | % |
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(1) |
Consists
of 91,812,334 shares of Common Stock and 8,500,000 shares of Common Stock issuable upon conversion of 8,500 shares of Class B Preferred
Stock. |
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(2) |
The
Class B Preferred Stock vote and convert on a 1,000 to 1 basis. |
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(3) |
Total
percentage voting rights for all officers and directors as a group. |
DISTRIBUTION
AND COST
We
will pay all costs associated with the distribution of this Information Statement, including the costs of printing and mailing. If hard
copies of the materials are requested, we will send only one Information Statement and other corporate mailings to stockholders who share
a single address unless we received contrary instructions from any stockholder at that address. This practice, known as “householding”,
is designed to reduce our printing and postage costs. However, the Company will deliver promptly upon written or oral request a separate
copy of this Information Statement to a stockholder at a shared address to which a single copy of this Information Statement was delivered.
You may make such a written or oral request by sending a written notification stating (a) your name, (b) your shared address, and (c)
the address to which the Company should direct the additional copy of this Information Statement, to Quality Industrial Corp. at the
address above. Additionally, if current stockholders with a shared address received multiple copies of this Information Statement or
other corporate mailings and would prefer the Company to mail one copy of future mailings to stockholders at the shared address, notification
of such request may also be made in the same manner by mail or telephone to the Company’s principal executive offices.
INCORPORATION
BY REFERENCE
The
SEC allows us to “incorporate by reference” information into this Information Statement, which means that we can disclose
important information to you by referring you to other documents that we have filed separately with the SEC. The information incorporated
by reference is deemed to be part of this Information Statement. This Information Statement incorporates by reference the following documents:
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1. |
Our
Annual Report on Form 10-K filed with the SEC on April 28, 2025; |
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2. |
Our
Quarterly Report on Form
10-Q for the quarter ended March 30, 2025, filed with the SEC on June 4, 2025; |
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3. |
Our
Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the SEC on August 13, 2025; and |
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4. |
Our
Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025. |
WHERE
YOU CAN FIND MORE INFORMATION
You
may read and copy any reports, statements or other information filed by us at the public reference facilities maintained by the SEC in
Room 1590, 100 F Street, N.E., Washington, D.C. 20549. The SEC maintains a website that contains reports, proxy and information statements
and other information, including those filed by us, at http://www.sec.gov. You may also access the SEC filings and obtain other information
about us through the website, which is https://www.otcmarkets.com/stock/QIND. The information contained on the website is not incorporated
by reference in, or in any way part of, this Information Statement.
OTHER
MATTERS
The
Board knows of no other matters other than those described in this Information Statement which have been approved or considered by the
stockholders of a majority of the shares of the Company’s voting stock.
IF
YOU HAVE ANY QUESTIONS REGARDING THIS INFORMATION STATEMENT, PLEASE CONTACT:
Quality
Industrial Corp.
505
Montgomery Street
San
Francisco, CA 94104
(800)
706-0806
Email:
info@qualityindustrialcorp.com
Attn:
Corporate Secretary
Stockholders
Sharing an Address
We
will deliver only one Information Statement to multiple stockholders sharing an address unless we have received contrary instructions
from one or more of the stockholders. We undertake to deliver promptly, upon written or oral request, a separate copy of this Information
Statement to a stockholder at a shared address to which a single copy of this Information Statement is delivered. A stockholder can notify
us that the stockholder wishes to receive a separate copy of the Information Statement by contacting us at the address or phone number
set forth below. Conversely, if multiple stockholders sharing an address receive multiple Information Statements and wish to receive
only one, such stockholders can notify us at the address or phone number set forth below.
PLEASE
NOTE THAT THIS IS NOT A REQUEST FOR YOUR VOTE OR A PROXY STATEMENT, BUT RATHER AN INFORMATION STATEMENT DESIGNED TO INFORM YOU OF CERTAIN
TRANSACTIONS ENTERED INTO BY THE COMPANY.
WE
ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
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By
Order of the Board of Directors |
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|
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/s/
John-Paul Backwell |
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John-Paul
Backwell |
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Chief
Executive Officer |
Exhibit
A
ATTACHMENT
TO
ARTICLES OF AMENDMENT
TO
ARTICLES OF INCORPORATION
OF
QUALITY INDUSTRIAL CORP.
Article
IV of the Articles of Incorporation of this corporation is hereby amended so that, as amended, the first sentence of said Article shall
be read as follows:
ARTICLE
IV CAPITAL STOCK:
The
amount of our authorized capital stock shall consist of Four Hundred Fifty Million (450,000,000) shares of Common Stock, $0.001 par value
per share, and one million (1,000,000) shares of Preferred Stock, $0.001 par value per share.
ATTACHMENT
TO ARTICLES OF AMENDMENT TO ARTICLES OF INCORPORATION OF QUALITY INDUSTRIAL CORP.
EXHIBIT
A
WRITTEN
CONSENT OF STOCKHOLDER IN LIEU OF A MEETING
(Pursuant
to NRS 78.320)
The
undersigned, Fusion Fuel Green PLC, being the holder of shares representing approximately 53.5% of the total outstanding voting power
of Quality Industrial Corp., hereby consents in writing to the amendment to the Company’s Articles of Incorporation increasing
the authorized Common Stock from 200,000,000 shares to 450,000,000 shares.
IN
WITNESS WHEREOF, the undersigned has executed this Written Consent as of January 20, 2026.
Fusion
Fuel Green PLC
| /s/
John-Paul Backwell |
|
| John-Paul
Backwell |
|
| Chief
Executive Officer |
|