Quality Industrial Corp.: amends purchase terms, share exchange with Fusion Fuel

What happened

• On Oct 22, 2026, Quality Industrial Corp. announced that it entered into an Agreement and Amendment No. 2 to the Share Purchase Agreement, dated Sep 23, 2026, with Al Shola Al Modea Gas Distribution L.L.C. and the three individual shareholders of Al Shola Gas who together hold 49% of Al Shola Gas. The Amendment restructures the Company’s remaining purchase price obligations in respect of its 51% ownership interest in Al Shola Gas under the Share Purchase Agreement dated Mar 27, 2024, as previously amended Apr 8, 2025.
• Concurrently, the Company announced it entered into a Share Exchange Agreement, dated Sep 23, 2026, with its majority shareholder Fusion Fuel Green PLC under which, subject to closing conditions, Fusion Fuel will issue 500,000 Class A Ordinary Shares to the ASG Shareholders to satisfy $2,000,000 of the Company’s remaining purchase price obligations under the Amendment, and the Company will issue $2,000,000 of its common stock to Fusion Fuel.

Key details

• Press release date: Oct 22, 2026; Agreement and Share Exchange Agreement dated Sep 23, 2026.
• The ASG Shareholders together hold 49% of Al Shola Gas; the Company owns 51%.
• Fusion Fuel to issue 500,000 Class A Ordinary Shares to satisfy $2,000,000 of obligations; Company to issue $2,000,000 of its common stock to Fusion Fuel.
• The Amendment and the Share Exchange Agreement were previously filed as Exhibits 10.1 and 10.2 to the Company’s Form 8-K filed Sep 25, 2026; the Oct 22, 2026 press release is furnished as Exhibit 99.1 to this Form 8-K.

Why it may matter

• This filing was made under Item 7.01, Regulation FD Disclosure, and it furnishes the press release announcing the Amendment to the Share Purchase Agreement and the Share Exchange Agreement with Fusion Fuel. The filing does not show why the insider traded or why the company acted.