Quality Industrial Corp. Files 8-K with Financial Updates
Ticker: QIND · Form: 8-K · Filed: Nov 14, 2024 · CIK: 1393781
Sentiment: neutral
Topics: 8-K, financial-statements, regulatory-disclosure
TL;DR
Quality Industrial Corp. filed an 8-K on Nov 11, 2024, with financial updates.
AI Summary
Quality Industrial Corp. filed an 8-K on November 14, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits as of November 11, 2024. 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 provides important updates on Quality Industrial Corp.'s financial status and regulatory disclosures, which are crucial for investors to assess the company's performance and outlook.
Risk Assessment
Risk Level: low — This is a routine filing of an 8-K, primarily containing financial statements and exhibits, with no immediate indication of significant negative events.
Key Players & Entities
- Quality Industrial Corp. (company) — Registrant
- WIKISOFT CORP. (company) — Former company name
- POWER PLAY DEVELOPMENT CORP (company) — Former company name
- November 11, 2024 (date) — Earliest event reported date
- November 14, 2024 (date) — Filing date
- 315 Montgomery Street San Francisco, CA 94104 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to provide a Regulation FD Disclosure and to report Financial Statements and Exhibits as of November 11, 2024.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on November 11, 2024.
What is the principal executive office address for Quality Industrial Corp.?
The principal executive office address for Quality Industrial Corp. is 315 Montgomery Street, San Francisco, CA 94104.
What are the former names of Quality Industrial Corp.?
Quality Industrial Corp. was formerly known as WIKISOFT CORP. and POWER PLAY DEVELOPMENT CORP.
In which state is Quality Industrial Corp. incorporated?
Quality Industrial Corp. is incorporated in Nevada.
Filing Stats: 1,068 words · 4 min read · ~4 pages · Grade level 14 · Accepted 2024-11-14 16:15:47
Key Financial Figures
- $0.001 — nding shares of common stock, par value $0.001 per share (the "Common Stock"), from Se
Filing Documents
- ea0221245-8k_quality.htm (8-K) — 28KB
- 0001213900-24-098458.txt ( ) — 195KB
- qind-20241111.xsd (EX-101.SCH) — 3KB
- qind-20241111_lab.xml (EX-101.LAB) — 33KB
- qind-20241111_pre.xml (EX-101.PRE) — 22KB
- ea0221245-8k_quality_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
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 (the "Term Sheet") with Actelis Networks, Inc., a Delaware corporation listed for trading on The Nasdaq Stock Market LLC under the symbol ASNS (the "Buyer" or "ASNS"), and Ilustrato Pictures International Inc., a Nevada corporation ("Seller"), pursuant to which ASNS agreed to acquire 61% to 70% of the Company's issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock"), from Seller and additional shareholders of the Company. On October 10, 2024, ASNS provided the Company with written notice of ASNS' intent to terminate the Term Sheet in accordance with the termination provisions thereof, which require 30-day written notice of termination Such 30-day period ended, and the Term Sheet was definitively canceled, on November 11, 2024. Cautionary Statement Concerning Forward-Looking Statements This Current Report on Form 8-K (the "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 their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. Forward-looking statements are based on current expectations and assumptions that, while considered reasonable are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. There can be no assurance that management's expectations, beliefs and p
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 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: November 14, 2024 2