QIND amends articles: 1B share authorization, board asset sales without shareholder vote

Quality Industrial filed Second Amended and Restated Articles on October 2, 2026, increasing authorized common stock from 450M to 1B shares and granting the Board unilateral authority to sell, lease, or exchange all or substantially all company assets without shareholder approval. The 1B share authorization enables significant dilution of existing shareholders; the asset-sale provision removes a major shareholder protection and could facilitate transformative transactions favorable to insiders or acquirers.

The company doubled its authorized shares and gave its board power to sell the entire business without asking shareholders. This could dilute your stake and remove your say in major deals.