Quality Industrial Corp. Files 8-K

TL;DR

Quality Industrial Corp. (QLTY) filed an 8-K on 5/23/24 for Reg FD disclosure and financials.

AI Summary

Quality Industrial Corp. filed an 8-K on May 23, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits. The company, formerly known as WIKISOFT CORP. and POWER PLAY DEVELOPMENT CORP., is incorporated in Nevada and headquartered in San Francisco, California.

Why It Matters

This filing indicates that Quality Industrial Corp. is making a regulatory disclosure and providing financial statements, which is important for investors to understand the company's current status and financial health.

Risk Assessment

Risk Level: low — This is a routine regulatory filing and does not appear to contain any immediately concerning information.

Key Players & Entities

• Quality Industrial Corp. (company) — Registrant
• WIKISOFT CORP. (company) — Former Company Name
• POWER PLAY DEVELOPMENT CORP (company) — Former Company Name
• May 23, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• ea0206754-8k_quality.htm (8-K) — 31KB
• ea020675401ex99-1_quality.htm (EX-99.1) — 13KB
• ex99-1_001.jpg (GRAPHIC) — 10KB
• ex99-1_002.jpg (GRAPHIC) — 12KB
• 0001213900-24-046089.txt ( ) — 247KB
• qind-20240523.xsd (EX-101.SCH) — 3KB
• qind-20240523_lab.xml (EX-101.LAB) — 33KB
• qind-20240523_pre.xml (EX-101.PRE) — 22KB
• ea0206754-8k_quality_htm.xml (XML) — 3KB

01

Item 7.01 Regulation FD Disclosure. On May 23, 2024, Quality Industrial Corp. (the "Company"), issued a press release to announce that it had entered into a binding term sheet with Actelis Networks, Inc, a Delaware corporation traded on the NASDAQ under the symbol ASNS (the "Buyer"), and Ilustrato Pictures International Inc., a Nevada corporation ("Seller"), pursuant to which Actelis will acquire from Seller and additional shareholders of the Company's shares constituting between 61% to 75% of the issued and outstanding shares of the Company's share capital. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein. The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act, or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information of the information in this Item 7.01, including Exhibit 99.1. Cautionary Statement Concerning Forward-Looking Statements This Current Report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by thei

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated May 23, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Quality Industrial Corp. /s/ John-Paul Backwell John-Paul Backwell, CEO Date: May 23, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR