Majority Owner Fusion Fuel Green Converts Preferred Stock, Increases Common Stake to 51.9%

summarizeSummary

Fusion Fuel Green PLC, the majority owner of Quality Industrial Corp., converted 8.5 million shares of Series B Preferred Stock into common stock, increasing its beneficial ownership to 51.9% of the outstanding shares.

check_boxKey Events

• Preferred Stock Conversion

  Fusion Fuel Green PLC converted 8,500 shares of Series B Convertible Preferred Stock into 8,500,000 shares of Quality Industrial Corp. common stock on February 23, 2026, without cash consideration.

• Increased Majority Ownership

  Following the conversion, Fusion Fuel Green PLC now beneficially owns 100,312,334 shares, representing 51.9% of Quality Industrial Corp.'s outstanding common stock, solidifying its majority control.

• Potential Dilution

  The conversion significantly increases the number of common shares outstanding, which could lead to dilution for existing common shareholders.

auto_awesomeAnalysis

This Schedule 13D/A filing reports a significant capital structure event where Fusion Fuel Green PLC converted 8.5 million shares of Series B Convertible Preferred Stock into common stock. This conversion, which occurred without cash consideration, solidifies Fusion Fuel Green PLC's majority control, bringing its total beneficial ownership to 51.9% of Quality Industrial Corp.'s outstanding common shares. While it strengthens the majority owner's position, the increase in common shares could be viewed as significantly dilutive for existing common shareholders, especially as the stock trades near its 52-week low. Investors should monitor the implications of this increased control and the potential impact of the expanded share count on per-share metrics.