Trooperstocks
5月前
$QIND News: Quality Industrial Corp. Files Preliminary Schedule 14C Information Statement Regarding Increase in Authorized Common Stock
Quality Industrial Corp.
Thu, January 22, 2026 at 8:10 AM EST
Quality Industrial Corp.
SAN FRANCISCO, CA, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Quality Industrial Corp. (“Quality Industrial,” “QIND,” or the “Company”) (OTC: QIND), an industrial and energy-focused company providing comprehensive solutions for the liquefied petroleum gas (“LPG”) industry, today announced that it has filed a Preliminary Schedule 14C Information Statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with a corporate action approved by written consent to amend the Company’s Articles of Incorporation to increase the Company’s authorized common stock.
Through its subsidiary Al Shola Gas, QIND provides consulting, engineering and design, supply, installation, and maintenance of LPG systems, as well as bulk and cylinder LPG distribution services. The Company serves a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, and commercial kitchens.
Corporate Action Approved by Written Consent
On January 20, 2026, the Company’s board of directors and stockholders holding approximately 53.5% of the Company’s voting power approved, by written consent, an amendment to the Company’s Articles of Incorporation to increase the Company’s authorized common stock from 200,000,000 shares to 450,000,000 shares (the “Authorized Share Increase”). The number of authorized shares of preferred stock will not be affected.
The Company expects to mail the definitive information statement to stockholders of record as of January 20, 2026, following completion of the SEC review process. The amendment will become effective no earlier than 20 calendar days after the definitive information statement is first mailed to stockholders.
Rationale for the Authorized Share Increase
The Company believes that the Authorized Share Increase is in the best interests of the Company and its stockholders because it is intended to provide the Company with additional corporate flexibility to support its operations and strategic initiatives, including the ability to issue common stock from time to time for a variety of corporate purposes.
The Company currently anticipates that the additional authorized shares may be used, subject to applicable corporate approvals, agreements, and regulatory requirements, among other things, to:
• meet and satisfy existing obligations, including obligations that may arise from outstanding convertible securities and other corporate commitments;
• reduce or restructure indebtedness and related obligations, including indebtedness associated with the Company’s operations and subsidiaries, including but not limited to Al Shola Gas; and
• provide flexibility to pursue corporate transactions and strategic relationships, including financing initiatives or other arrangements that may support growth, stability and competitiveness.
In addition, the Company is currently evaluating and restructuring aspects of the Share Purchase Agreement relating to Al Shola Gas, and believes the Authorized Share Increase provides additional flexibility in connection with corporate planning and financing initiatives associated with that process.
No Immediate Issuance of Shares
The Authorized Share Increase does not itself result in the issuance of any additional shares. However, if and when the Company issues additional shares in the future, such issuances could dilute the ownership interests of existing stockholders and could affect the market price of the Company’s common stock.
Additional Information
This press release relates to the filing of a Preliminary Schedule 14C Information Statement. Stockholders are urged to read the definitive information statement when it becomes available, as it will contain important information regarding the Authorized Share Increase.
A copy of the Company’s Preliminary Schedule 14C Information Statement is available at the SEC’s website at www.sec.gov and through the Company’s disclosure profile on OTC Markets.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Forward-looking statements are identified by words such as “expect,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “may,” “continue,” “will,” “likely,” and similar expressions, and include statements regarding the Company’s future growth, financing initiatives, corporate transactions, strategic initiatives and other future events or conditions. These statements are based on current expectations, estimates and projections and are not guarantees of future performance. Actual results may differ materially due to risks and uncertainties, including those disclosed in the Company’s filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Quality Industrial Corp.
505 Montgomery Street, San Francisco, CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor Relations Website: qualityindustrialcorp.com
X: @QualityIndCorp | @Fusion_Fuel
Source: Quality Industrial Corp.
Trooperstocks
9月前
$QIND IN TODAY'S NEWS -Fusion Fuel Green PLC Investor Presentation on First Half 2025 and Recent Developments
September 17, 2025 08:00 ET | Source: Fusion Fuel Green PLC
Dublin, Ireland, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) (NASDAQ: HTOO), an integrated energy platform providing LPG distribution and hydrogen solutions, today provided a summary and presentation of its financial results for the first half of 2025, along with updates on its operational performance and strategic initiatives.
2025 First Half and Recent Developments
Revenue: The Company generated approximately €6.9 million in revenue during the six months ended June 30, 2025, compared to no revenue during the same period of the prior year, primarily due to its acquisition of the liquified petroleum gas (“LPG”) engineering and distribution operations of Quality Industrial Corp. (“QIND”), the Company’s majority-owned subsidiary, in November 2024.
Operating and Net Loss: The Company reported an operating loss of approximately €2.9 million (with a net loss of approximately €2.3 million attributable to Fusion Fuel shareholders) for the six months ended June 30, 2025, compared to approximately €7.9 million of operating and net loss for the six months ended June 30, 2024, driven by the Company’s reduction of loss-making operations.
Balance Sheet: Over $8 million raised year-to-date, which supported the repayment and extinguishment of approximately €4.3 million of debt in July and August 2025, further strengthening the Company’s balance sheet since the first half of 2025.
Capital Structure: The conversion of substantially all outstanding convertible notes, combined with the recent equity raises, simplified the Company’s capital structure by reducing legacy instruments and increasing transparency for shareholders.
Nasdaq Compliance: During Q3 2025, the Company resolved all outstanding listing deficiencies pursuant to notices received from the staff of The Nasdaq Stock Market LLC (“Nasdaq”), including minimum bid price, shareholder equity, and annual meeting requirements. Following a 1-for-35 share consolidation and the recent capital raises, Fusion Fuel regained full compliance with Nasdaq listing requirements.
Operational and Strategic Progress
Bright Hydrogen Solutions Ltd (“BrightHy Solutions”) advanced its hydrogen platform with new agent agreements, successful tenders to advance to final contract negotiations for two hydrogen projects, and continued progress on the establishment of a €30 million joint venture investment vehicle. The joint venture vehicle is intended to finance mid-scale hydrogen plants in Europe with related offtake agreements, enabling BrightHy Solutions to both deliver technical solutions and act as a project partner. These initiatives are expected to begin contributing to revenues in late 2025, subject to definitive agreements and closing conditions, with additional growth anticipated as the pipeline matures.
Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), the Company’s indirect majority-owned subsidiary, continued to deliver strong growth and margin performance. During the six months ended June 30, 2025, the business signed new engineering contracts for approximately $4.5 million in expected revenue and annual fuel supply agreements for approximately $1.7 million in expected recurring revenue, while also expanding its fuel truck fleet. With an 18-month backlog of contracted engineering work and bulk supply operations that consistently generate margins above 40%, Al Shola Gas is expected to provide predictable cash flow and remain a key part of the Company’s shift toward profitability.
M&A activity progressed with the signing of Heads of Terms for the acquisition of a UK-based fuel distribution company, which generated approximately $50 million in annual revenue and $12 million in net income during its fiscal year ended April 30, 2025, subject to the execution of definitive agreements and customary closing conditions. Additionally, the Head of Terms for a 51% joint venture was signed to develop a biomass-powered steam project in South Africa subject to the execution of definitive agreements and customary closing conditions. Both transactions are expected to diversify the Company’s revenues and expand its international footprint.
“2025 has been the most important period in our company’s history,” said John-Paul Backwell, Chief Executive Officer of Fusion Fuel. “We have achieved the turnaround that was needed and are quickly moving towards profitable, scalable growth across the energy sector.”
Outlook
The Company provided its full-year 2025 revenue guidance of approximately €17.4 million, representing growth of 70% versus QIND 2024 results, and expects further operational progress across both BrightHy Solutions and Al Shola Gas in the second half of the year.
Availability of Presentation Materials
A recording of the Company’s September 17, 2025, investor presentation, together with the accompanying materials, is available on the Investors section of the Company’s website. Investors may access the presentation through the following link: Investor Presentation Materials
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al?Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. The Company is headquartered in Ireland with operations in Europe and the Middle East.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These statements involve substantial risks and uncertainties and relate to future events or the Company’s future financial or operating performance. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “believes,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to enter into definitive agreements with each of the necessary counterparties; the ability of the parties to complete their due diligence and all other closing conditions prior to the closing of such definitive agreements; the ability of the parties to obtain all necessary regulatory and other consents and approvals in connection with the contemplated transactions; the ability of the Company and its counterparties to satisfy their financial and other commitments to perform with respect to each contemplated project or acquisition; the ability of the contemplated projects and acquired businesses to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns on its contemplated financial commitments or consideration in connection with these transactions; and the risks described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and in other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu
Trooperstocks
9月前
Quality Industrial Corp. (OTCID:QIND), a micro-cap company with a market capitalization of $3.89 million, announced several changes to its executive leadership and board of directors, effective August 28, 2025, according to a press release statement included in a recent SEC filing. The company has shown remarkable revenue growth of 367% over the last twelve months, though InvestingPro data indicates ongoing profitability challenges.
The company’s board approved a strategic realignment that included the appointment of Carsten Kjems Falk as Interim Chief Financial Officer and Director. Mr. Falk has served in senior executive roles at the company since 2020. His appointment follows the resignation of Krishnan Krishnamoorthy as Chief Financial Officer. The company stated that Mr. Krishnamoorthy’s resignation was not due to any disagreement with management, operations, policies, or practices, and that he has no outstanding claims or obligations with respect to the company.
Additionally, Sanjeeb Safir has been appointed Chief Operating Officer. Mr. Safir has been Managing Director of Al Shola Al Modea Gas and Distribution LLC since 2008 and oversees the company’s Middle East operations. His employment agreement remains unchanged. Louise Bennett resigned as Chief Operating Officer to facilitate the transition and will receive approximately $60,000 according to a pre-agreed payment schedule. The company noted that her resignation was not the result of any disagreement.
The board also appointed Frederico Figueira de Chaves as Chairman of the Board and Director. Mr. Chaves is currently Interim Chief Financial Officer and Director of Fusion Fuel Green PLC, the company’s majority shareholder, and has held various senior roles at Fusion Fuel. He replaces Nicolas Link, who resigned as Chairman and Director effective immediately. Mr. Link’s resignation was not due to any disagreement, and he will receive approximately $255,000 as part of a defined payment schedule.
John-Paul Backwell, the company’s Chief Executive Officer and CEO of Fusion Fuel Green PLC, was also appointed as a Director.
The company confirmed that there are no family relationships or transactions requiring disclosure between the newly appointed officers and directors and the company.
These changes were disclosed in a Form 8-K filed with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
https://www.investing.com/news/sec-filings/quality-industrial-corp-announces-executive-leadership-changes-and-board-appointments-93CH-4225685
mick
10月前
SAN FRANCISCO, CA / ACCESSWIRE / January 27, 2023 / Quality Industrial Corp. (OTC PINK:QIND), is a Mergers and Acquisitions company focused primarily on the Industrial and Oil and Gas sectors. QIND is a majority owned subsidiary of ILUS International Inc. (Ilustrato Pictures International Inc; OTC: ILUS). The company confirms that on the 18th of January 2023, it signed a definitive Share Purchase Agreement (SPA) to acquire 52% of Quality International Co Ltd FZC.
Headquartered in the United Arab Emirates, Quality International has been manufacturing for more than two decades and now operates from approximately 10 million square feet of manufacturing facilities, employing aworkforce of more than 1000. The company delivers turnkey integrated solutions for the Oil and Gas, Energy, Water Desalination, Wastewater and Offshore sectors and boasts an extensive list of reference customers, including the likes of BP, Shell, Total, Chevron, Sonatrach, Sasol, ADNOC and many more.
Chairman of Quality International Co Ltd FZC, Adnan Sharafi, commented: "We welcome ILUS International Inc. and the Quality Industrial Corp team in joining hands with Quality International in its exciting growth journey and to scaling new heights in our customer delivery experience. Our aim is to provide the best in class equipment to each of our customers who place their trust in our engineering and manufacturing capabilities and be their longstanding preferred supply partner of choice".
Historically, Quality International has delivered approximately $100 million in annual revenue and holds a current order book of over $150 million. The company is also working on closing additional orders from an active project list of over $2 billion. Quality International is experiencing a powerful resurgence following the Covid-19 pandemic as the Oil and Gas industry expects record profits in 2023, aided by increased investment in infrastructure for strategy fulfilment in 2023 and beyond. Quality International is on several global preferred vendor lists and is one of very few with all the required Oil and Gas industry certifications and large-scale manufacturing facilities in place. Furthermore, the company is now also actively engaged in delivering equipment for green hydrogen projects in the region
The total price for acquisition of the majority stake in Quality International will be up-to $137,000,000 paid in six tranche payments with the final three tranche payments conditional upon EBITDA targets being met in 2023 and 2024. Further details on the signed Share Purchase Agreement can be found within the QIND's 8-K filing on 18 January 2023.
John-Paul Backwell, QIND Chief Executive Officer said: "We are extremely pleased to welcome all of Quality International's more than 1,000 employees to the ILUS and QIND family. Having worked closely with the Quality International management team and personally reviewed the impressive confirmed order books for 2023, I am confident that the company will exceed its growth targets. This is a powerful acquisition for QIND with further aligned acquisitions to be added in due course."
This Press Release does not constitute an offer of any securities for sale.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @ QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
View source version on accesswire.com:
https://www.accesswire.com/737024/Quality-Industrial-Corp-is-Acquiring-the-Majority-Stake-of-Quality-International-Co-Ltd-FZC
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