Core Viewpoint - Quality Industrial Corp. has filed a Preliminary Schedule 14C Information Statement with the SEC to amend its Articles of Incorporation, increasing the authorized common stock from 200 million shares to 450 million shares, which aims to provide corporate flexibility for operations and strategic initiatives [1][2][3]. Corporate Action Approved by Written Consent - On January 20, 2026, the board of directors and stockholders holding approximately 53.5% of the voting power approved the amendment to increase the authorized common stock [2]. Rationale for the Authorized Share Increase - The increase is intended to support operations and strategic initiatives, allowing the company to issue common stock for various corporate purposes [3]. Potential Uses of Additional Authorized Shares - The additional shares may be used to meet existing obligations, reduce or restructure indebtedness, and provide flexibility for corporate transactions and strategic relationships [4]. Evaluation of Share Purchase Agreement - The company is currently evaluating and restructuring aspects of the Share Purchase Agreement related to Al Shola Gas, believing that the Authorized Share Increase offers additional flexibility for corporate planning and financing initiatives [5]. No Immediate Issuance of Shares - The Authorized Share Increase does not result in the immediate issuance of additional shares, but future issuances could dilute existing stockholders' ownership interests [5].

Core Insights - Quality Industrial Corp. ("QIND") reported a significant turnaround in financial performance for the fiscal year ended December 31, 2024, primarily due to the consolidation of its subsidiary Al Shola Gas and operational improvements [4][8]. Financial Performance - Total revenue for QIND was $11,177,567 for the year ended December 31, 2024, driven by the acquisition and consolidation of Al Shola Gas starting in April 2024 [8]. - Al Shola Gas generated revenue of $14,268,840 for the twelve months ended December 31, 2024, representing a 31.1% increase compared to $10,839,209 in 2023 [8]. - Operating expenses increased to $3,280,008 in 2024 from $2,766,256 in 2023, with general and administrative expenses remaining consistent year-over-year [8]. - Professional fees rose to $849,925 in 2024 from $315,011 in 2023, influenced by one-off expenses related to a financial reaudit and legal fees from the merger with Fusion Fuel Green PLC [8]. - QIND achieved a net income of $266,780 in 2024, a recovery from a net loss of $4,232,732 in 2023, with Al Shola Gas contributing a net income of $2,051,645, an increase of 17.6% over 2023 [8]. Strategic Outlook - In 2025, QIND plans to allocate additional resources to Al Shola Gas to enhance operational efficiency, expand sales volume, and improve financial performance [5]. - Planned capital investments include acquiring new vehicles for bulk LPG supply operations, which are expected to support further revenue growth [5].