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

Fusion Fuel Green PLC converted Series B Preferred Stock into 9.6 million common shares, increasing its beneficial ownership in Quality Industrial Corp. to 53.5%.

Summary

• Fusion Fuel Green PLC (the "Reporting Person") filed Amendment No. 3 to its Schedule 13D regarding its beneficial ownership in Quality Industrial Corp. (the "Issuer").
• On December 2, 2025, the Reporting Person converted 9,600 shares of Series B Convertible Preferred Stock into 9,600,000 shares of Quality Industrial Corp. common stock.
• This conversion was effected for no cash consideration, in accordance with the Series B Certificate of Designation.
• As of December 2, 2025, Fusion Fuel Green PLC beneficially owns a total of 100,312,334 shares of Quality Industrial Corp. common stock.
• This represents approximately 53.5% of the outstanding common stock, calculated based on 179,110,820 shares outstanding as of December 2, 2025.
• The beneficially owned shares consist of 91,812,334 shares of common stock and 8,500,000 shares issuable upon conversion of 8,500 shares of Series B Preferred Stock, subject to a 9.99% beneficial ownership limitation.
• The Reporting Person has sole voting and dispositive power over the beneficially owned shares.
• No other transactions in Quality Industrial Corp. common stock were effected by the Reporting Person during the past 60 days, except as described in this Amendment No. 3.

Sentiment

Score: 7

Explanation: The filing indicates a significant increase in Fusion Fuel Green PLC's control over Quality Industrial Corp. through a preferred stock conversion, which is a positive for Fusion Fuel Green PLC as it consolidates its position. For Quality Industrial Corp., it signifies a strong anchor investor with majority control. The conversion itself is a routine event for convertible securities, but the resulting majority stake is a notable development.

Positives

• Fusion Fuel Green PLC has increased its direct common stock holding in Quality Industrial Corp., demonstrating a stronger commitment or strategic interest.
• The conversion of preferred stock into common stock simplifies the capital structure for the converted portion.
• Fusion Fuel Green PLC now holds a majority stake (53.5%) in Quality Industrial Corp., granting it significant control over the Issuer's operations and strategic direction.

Negatives

• The conversion of preferred stock into common stock could dilute the ownership percentage of other common stockholders.

Risks

• A limitation on beneficial ownership under the Series B Certificate of Designation prevents conversion of Series B Preferred Stock to the extent that such conversion would result in the holder's beneficial ownership of the common stock exceeding 9.99% of the outstanding common stock immediately after conversion, indicating potential future restrictions on further conversions or a need for waivers.

Future Outlook

NA

Industry Context

This filing reflects a significant ownership consolidation by Fusion Fuel Green PLC in Quality Industrial Corp., which could indicate a strategic move to integrate operations or exert greater influence. Without further context on the specific industries of both companies, a broader industry trend analysis is limited. However, such a majority stake acquisition often signals a long-term strategic investment or a precursor to further integration or acquisition activities within the energy products and services sector, which is Fusion Fuel Green PLC's principal business.

Stakeholder Impact

• Shareholders (Quality Industrial Corp.): Existing common shareholders may experience dilution of their ownership percentage due to the conversion of preferred stock into common stock.
• Shareholders (Fusion Fuel Green PLC): Increased control and influence over Quality Industrial Corp. could be beneficial for Fusion Fuel Green PLC's strategic objectives.
• Management (Quality Industrial Corp.): The majority ownership by Fusion Fuel Green PLC could lead to increased oversight or strategic alignment requirements from the new controlling shareholder.

Next Steps

• Potential future conversions of the remaining 8,500 shares of Series B Preferred Stock into common stock, subject to beneficial ownership limitations.
• Fusion Fuel Green PLC, as a majority shareholder, may influence Quality Industrial Corp.'s strategic decisions and corporate governance.

Key Dates

Keywords

Fusion Fuel Green PLC, Quality Industrial Corp., Schedule 13D/A, Beneficial Ownership, Common Stock, Series B Preferred Stock, Stock Conversion, Equity Stake, SEC Filing, Corporate Control