Fusion Fuel (QIND) converts preferred stock, now owns 51.9% of Quality Industrial

Rhea-AI Filing Summary

Fusion Fuel Green PLC filed an amended ownership report showing it now beneficially owns 100,312,334 shares of Quality Industrial Corp. common stock, representing about 51.9% of the outstanding shares as of March 23, 2026. This reflects a February 23, 2026 conversion of 8,500 shares of Series B Convertible Preferred Stock into 8,500,000 common shares for no cash consideration, under the existing certificate of designation. Fusion Fuel has sole voting and dispositive power over all shares reported and indicates no other transactions in the issuer’s stock during the prior 60 days.

Insights

Equity ownership and governance analyst

Fusion Fuel’s latest filing confirms a majority stake in Quality Industrial through a non-cash preferred-to-common share conversion.

Fusion Fuel Green PLC now reports beneficial ownership of 100,312,334 Quality Industrial common shares, or about 51.9% of the company. The filing states Fusion Fuel has sole voting and dispositive power over these shares, consolidating effective control of the equity reported.

The increase includes conversion on February 23, 2026 of 8,500 shares of Series B Convertible Preferred into 8,500,000 common shares, executed for no cash consideration pursuant to the existing Series B certificate of designation. This is a structural capital move rather than a cash-funded purchase.

The ownership percentage is calculated using 193,266,631 common shares outstanding as of March 23, 2026, based on information from Quality Industrial. Future company disclosures may further detail how this majority stake influences governance, strategic decisions, and any related agreements referenced in the listed exhibits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/24/2026 - 07:00 AM Learn about SEC filing dates

FAQ

How many Quality Industrial (QIND) shares does Fusion Fuel Green now beneficially own?

Fusion Fuel Green PLC reports beneficial ownership of 100,312,334 shares of Quality Industrial common stock. The filing states this stake represents about 51.9% of QIND’s outstanding common shares, calculated using 193,266,631 shares outstanding as of March 23, 2026.

What recent transaction changed Fusion Fuel’s ownership in Quality Industrial (QIND)?

On February 23, 2026, Fusion Fuel converted 8,500 shares of Series B Convertible Preferred Stock into 8,500,000 common shares of QIND. The conversion followed the existing Series B certificate of designation and was carried out for no cash consideration.

Does Fusion Fuel Green control voting power over its Quality Industrial (QIND) shares?

The filing states Fusion Fuel Green PLC has sole voting power and sole dispositive power over the 100,312,334 Quality Industrial common shares it beneficially owns. No shared voting or dispositive power is reported in the ownership table.

What percentage of Quality Industrial (QIND) does Fusion Fuel’s stake represent?

Fusion Fuel’s beneficial ownership represents approximately 51.9% of Quality Industrial’s outstanding common stock. This percentage is based on 193,266,631 QIND common shares outstanding as of March 23, 2026, as reported to Fusion Fuel by the issuer.

Did Fusion Fuel Green pay cash to increase its Quality Industrial (QIND) holdings?

No. The filing explains that the February 23, 2026 increase came from converting 8,500 Series B Convertible Preferred shares into 8,500,000 common shares. The conversion was effected for no cash consideration, under the Series B certificate of designation.

Has Fusion Fuel made other recent transactions in Quality Industrial (QIND) stock?

The filing states that, apart from the described conversion, Fusion Fuel Green PLC has not effected any other transactions in Quality Industrial common stock during the past 60 days. This emphasizes the conversion as the key recent ownership change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Quality Industrial Corp.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

96773L106

(CUSIP Number)

John-Paul Backwell
c/o Fusion Fuel Green PLC,, 9 Pembroke Street Upper
Dublin, L2, D02 KR83
353 1 961 9350

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/23/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 96773L106

1

Name of reporting person

Fusion Fuel Green PLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 100,312,334.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 100,312,334.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

100,312,334.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

51.9 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: Quality Industrial Corp.
(c)	Address of Issuer's Principal Executive Offices: 505 Montgomery Street, San Francisco, CALIFORNIA , 94104.
Item 2.	Identity and Background
(a)	The name of the reporting person is Fusion Fuel Green PLC (the "Reporting Person"). Set forth in Exhibit A hereto is the name, position with the Reporting Person, present principal occupation or employment, principal business address, name, principal business and address of any corporation or other organization in which such employment is conducted, and citizenship of the executive officers and directors of the Reporting Person.
(b)	The principal business address of the Reporting Person is 9 Pembroke Street Upper, Dublin, D02 KR83, Ireland.
(c)	The principal business of the Reporting Person is to provide certain energy products and services.
(d)	During the last five years, the Reporting Person and each of the persons set forth in Exhibit A hereto have not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, the Reporting Person and each of the persons set forth in Exhibit A hereto have not been a party to civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	The Reporting Person is an Irish public limited company.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D previously filed with the Securities and Exchange Commission (the "SEC") by the undersigned with respect to Quality Industrial Corp., a Nevada corporation (the "Issuer"), on December 6, 2024 (the "Schedule 13D"), is incorporated by reference herein and amended to add the information contained in Amendment No. 1 to the Schedule 13D previously filed by the undersigned with the SEC with respect to the Issuer on August 6, 2025, the information contained in Amendment No. 2 to the Schedule 13D previously filed by the undersigned with the SEC with respect to the Issuer on October 29, 2025, and the information contained in Amendment No. 3 to the Schedule 13D previously filed by the undersigned with the SEC with respect to the Issuer on December 4, 2025, which is incorporated by reference herein and amended to add the information below. On February 23, 2026, the Reporting Person converted 8,500 shares of Series B Convertible Preferred Stock, par value $0.001 per share, of the Issuer ("Series B Preferred Stock"), into 8,500,000 shares of Common Stock, par value $0.001 per share, of the Issuer ("common stock"), pursuant to the Certificate of Designation of Series B Convertible Preferred Stock of the Issuer (the "Series B Certificate of Designation"). The conversion was effected for no cash consideration, in accordance with the Series B Certificate of Designation.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date of this Amendment No. 4 to the Schedule 13D (this "Amendment No. 4"), the Reporting Person is the beneficial owner of a total of 100,312,334 shares of the common stock, representing approximately 51.9% of the outstanding shares of common stock. The denominator of the fraction upon which this percentage is calculated is based on 193,266,631 shares of common stock outstanding as of March 23, 2026, based on information provided by the Issuer. The numerator of the fraction upon which the percentage is calculated is based on the total of 100,312,334 shares of common stock that were beneficially owned as of the date of this Amendment No. 4.
(b)	The Reporting Person has sole voting and dispositive power over the shares of common stock of the Issuer that are beneficially owned by the Reporting Person as of the date of this Amendment No. 4.
(c)	Except as described in this Amendment No. 4, the Reporting Person has not effected any transactions in the common stock of the Issuer during the past 60 days.
(d)	No person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of common stock of the Issuer held by the Reporting Person.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit A: Executive Officers and Directors of Fusion Fuel Green PLC Exhibit 1: Stock Purchase Agreement, dated as of November 18, 2024, among Fusion Fuel Green PLC, Quality Industrial Corp., Ilustrato Pictures International Inc., and certain stockholders of Quality Industrial Corp. (incorporated by reference to Exhibit 2.1 to Report in Form 6-K filed by Fusion Fuel Green PLC on March 10, 2025). https://www.sec.gov/Archives/edgar/data/1819794/000121390025022234/ea023339101ex2-1_fusion.htm Exhibit 2: Certificate of Designation of Preferences, Benefits and Limitations of Series A Convertible Preferred Shares of Fusion Fuel Green PLC (incorporated by reference to Exhibit 3.1 to Report on Form 6-K filed by Fusion Fuel Green PLC on March 10, 2025). http://www.sec.gov/Archives/edgar/data/1819794/000117184324006609/exh_31.htm Exhibit 3: Form of Lock-Up Agreement among Fusion Fuel Green PLC, Quality Industrial Corp., and certain other persons (incorporated by reference to Exhibit 10.1 to Report on Form 6-K filed on November 27, 2024). https://www.sec.gov/Archives/edgar/data/1819794/000117184324006609/exh_101.htm Exhibit 4: Stock Purchase Agreement, dated as of August 1, 2025, between Fusion Fuel Green PLC and Quality Industrial Corp. (incorporated by reference to Exhibit 4 to Schedule 13D/A filed by Fusion Fuel Green PLC on August 5, 2025) https://www.sec.gov/Archives/edgar/data/1393781/000164117225022314/ex4.htm. Exhibit 5: Certificate of Designation of Series B Convertible Preferred Stock of Quality Industrial Corp. (incorporated by reference to Exhibit 4.5 to Quarterly Report on Form 10-Q filed by Quality Industrial Corp. on November 19, 2024). sec.gov/Archives/edgar/data/1393781/000121390024100213/ea022103201ex4-5_quality.htm

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fusion Fuel Green PLC

Signature:	/s/ John-Paul Backwell
Name/Title:	John-Paul Backwell
Date:	03/23/2026