Form 4: Fusion Fuel Converts Preferred Stock to QIND Common Shares

Fusion Fuel Green PLC, a 10% owner and director of Quality Industrial Corp. (QIND), converted 1,900 shares of Series B Convertible Preferred Stock into 1.9 million shares of QIND common stock.

Summary

• Fusion Fuel Green PLC, a director and 10% owner of Quality Industrial Corp. (QIND), reported a change in beneficial ownership.
• On October 28, 2025, Fusion Fuel Green PLC converted 1,900 shares of Series B Convertible Preferred Stock into 1,900,000 shares of QIND common stock.
• Each share of Series B Convertible Preferred Stock converts into 1,000 shares of common stock for no cash consideration.
• Following this transaction, Fusion Fuel Green PLC directly owns 82,212,334 shares of QIND common stock.
• Fusion Fuel Green PLC also directly owns 18,100 shares of Series B Convertible Preferred Stock after the reported transaction.
• The Series B Convertible Preferred Stock has no expiration date.

Sentiment

Score: 6

Explanation: The conversion of preferred stock to common stock by a significant insider (10% owner and director) is generally viewed as a positive signal, indicating increased direct equity exposure and potential confidence in the company's future. The conversion was for no cash, suggesting a strategic move rather than a sale.

Positives

• Increased direct ownership of common stock by a significant shareholder (10% owner and director) may signal confidence in Quality Industrial Corp.'s future.
• The conversion was for no cash consideration, indicating a strategic move rather than a liquidity event.

Risks

• The conversion of Series B Convertible Preferred Stock is subject to a limitation that prevents the holder's beneficial ownership of common stock from exceeding 9.99% of the outstanding common stock immediately after conversion.

Future Outlook

The Series B Convertible Preferred Stock held by Fusion Fuel Green PLC has no expiration date, allowing for future conversions at the reporting person's option, subject to beneficial ownership limitations.

Industry Context

This filing details an insider transaction for Quality Industrial Corp. (QIND). Without further information on QIND's specific industry, it is difficult to relate this to broader industry trends. However, such conversions are common mechanisms for large shareholders to adjust their equity exposure.

Related Party Transactions

• Fusion Fuel Green PLC, a 10% owner and Director of Quality Industrial Corp., engaged in a conversion of its Series B Convertible Preferred Stock into common stock. This constitutes a related party transaction due to Fusion Fuel Green PLC's significant ownership and board representation.

Stakeholder Impact

• Shareholders: The conversion increases the number of common shares held by a significant insider, potentially signaling confidence. It also increases the outstanding common stock, which could have a minor dilutive effect on existing common shareholders, though the shares were already convertible.

Key Dates

Keywords

Quality Industrial Corp., QIND, Fusion Fuel Green PLC, Insider Trading, Form 4, Beneficial Ownership, Stock Conversion, Preferred Stock, Common Stock, Director Ownership, 10% Owner