SCHEDULE: Fusion Fuel Green Boosts Quality Industrial Stake to 53.5%

Fusion Fuel Green PLC has increased its beneficial ownership in Quality Industrial Corp. to 53.5% after converting Series B Preferred Stock into common shares.

Summary

• Fusion Fuel Green PLC, the Reporting Person, has filed an Amendment No. 2 to its Schedule 13D regarding its ownership in Quality Industrial Corp. (the Issuer).
• On October 28, 2025, Fusion Fuel Green PLC converted 1,900 shares of Series B Convertible Preferred Stock of Quality Industrial Corp. into 1,900,000 shares of common stock.
• The conversion was effected for no cash consideration, as per the Series B Certificate of Designation.
• As a result of this conversion, Fusion Fuel Green PLC now beneficially owns a total of 100,312,334 shares of Quality Industrial Corp. common stock.
• This aggregate ownership represents approximately 53.5% of the outstanding common stock of Quality Industrial Corp., based on 169,510,820 shares outstanding as of October 28, 2025.
• The beneficially owned shares consist of 82,212,334 existing common shares and 18,100,000 shares issuable upon conversion of 18,100 shares of Series B Preferred Stock, without regard to a 9.99% beneficial ownership limitation.
• The Reporting Person holds sole voting and dispositive power over these shares.
• The acquisition of these securities is for strategic investment purposes, and Fusion Fuel Green PLC has no current plans for major corporate events concerning Quality Industrial Corp.

Sentiment

Score: 7

Explanation: The filing indicates a significant consolidation of ownership by a strategic investor, which can be viewed positively for stability and potential future direction. It's a factual update on ownership rather than a performance report, hence a moderately positive score reflecting increased control.

Positives

• Fusion Fuel Green PLC has solidified its strategic investment in Quality Industrial Corp. by achieving majority beneficial ownership (53.5%).
• The conversion of preferred stock to common stock for no cash consideration strengthens Fusion Fuel Green PLC's direct equity stake and control without additional cash outlay.

Future Outlook

Fusion Fuel Green PLC acquired the securities for strategic investment purposes and currently has no plans or proposals that would result in major corporate events such as mergers, liquidations, sales of assets, or changes to the Issuer's board or capitalization.

Management Comments

• The Reporting Person acquired the securities of the Issuer for strategic investment purposes.

Industry Context

This filing primarily details a change in beneficial ownership and does not provide sufficient information to analyze broader industry trends or specific competitive dynamics for Quality Industrial Corp. Fusion Fuel Green PLC's principal business is providing energy products and services, suggesting a potential strategic alignment or diversification for Quality Industrial Corp. if it operates in a related sector, though this is not explicitly stated.

Legal Proceedings

• During the last five years, the Reporting Person and its executive officers and directors have not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
• During the last five years, the Reporting Person and its executive officers and directors have not been a party to any civil proceeding that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws.

Related Party Transactions

• John-Paul Backwell, in his capacity as one of the Sellers, transferred 4,750,000 shares of common stock of Quality Industrial Corp. to Fusion Fuel Green PLC in consideration for 219,991 Reporting Person Preferred Shares, pursuant to a Purchase Agreement.

Stakeholder Impact

• Shareholders of Fusion Fuel Green PLC may benefit from increased control and influence over Quality Industrial Corp.'s strategic direction.
• Shareholders of Quality Industrial Corp. now have a clear majority owner, which could lead to more unified strategic decisions but also potentially reduce minority shareholder influence.

Key Dates

Recommendation

The filing details a significant increase in beneficial ownership by Fusion Fuel Green PLC, establishing a majority stake in Quality Industrial Corp. This indicates a strategic commitment and potential for greater influence over the Issuer's direction. However, the filing does not contain financial performance data or new strategic initiatives from Quality Industrial Corp. that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, awaiting further operational or financial disclosures from Quality Industrial Corp. or strategic plans from Fusion Fuel Green PLC.

Keywords

Quality Industrial Corp, Fusion Fuel Green PLC, Schedule 13D, Beneficial Ownership, Common Stock, Preferred Stock Conversion, Strategic Investment, SEC Filing