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Quality Industrial (QIND) holder Fusion Fuel reports 53.5% beneficial stake

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Fusion Fuel Green PLC has filed Amendment No. 3 to its Schedule 13D disclosing its updated stake in Quality Industrial Corp.. On December 2, 2025, Fusion Fuel converted 9,600 shares of Series B Convertible Preferred Stock into 9,600,000 shares of common stock for no cash consideration, in line with the Series B Certificate of Designation.

Following this and prior transactions, Fusion Fuel beneficially owns 100,312,334 shares of Quality Industrial common stock, equal to about 53.5% of the 179,110,820 shares outstanding as of December 2, 2025. This majority position includes 8,500,000 shares issuable upon conversion of remaining Series B Preferred Stock, subject to limits that generally prevent beneficial ownership from exceeding 9.99% immediately after any single conversion.

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Insights

Fusion Fuel now holds a disclosed 53.5% majority stake in Quality Industrial.

Fusion Fuel Green PLC reports beneficial ownership of 100,312,334 Quality Industrial common shares, or about 53.5% of the 179,110,820 shares outstanding as of December 2, 2025. This level of ownership gives Fusion Fuel effective majority control over shareholder votes, assuming typical turnout and dispersion among other holders.

The stake combines 91,812,334 issued common shares with 8,500,000 additional shares issuable upon conversion of Series B Preferred Stock. That preferred is subject to a 9.99% beneficial ownership limitation per conversion, which constrains how much can be converted at once but not the overall disclosed percentage based on full convertibility.

For investors in QIND, this structure means governance and strategic direction are likely to be strongly influenced by Fusion Fuel’s decisions. Future company disclosures describing board composition, related-party transactions, and any changes to capital structure will be key to understanding how this majority position is exercised over time.






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).






SCHEDULE 13D






SCHEDULE 13D


Fusion Fuel Green PLC
Signature:/s/ John-Paul Backwell
Name/Title:John-Paul Backwell
Date:12/04/2025
QUALITY INDL CORP

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3.85M
77.70M
47.49%
Specialty Industrial Machinery
Industrials
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United States
San Francisco