Quality Industrial boosts authorized common shares to 1 billion via written consent
QIND•Board approves charter restatement
Board written consent on Aug. 26, 2026 set a full restatement of the charter, pending effectiveness around Oct. 1, 2026.
Authorized shares and governance changes
Authorized common stock is set to rise to 1,000,000,000 shares from 450,000,000, expanding capacity for future issuance.
The charter changes also grant the board power to sell, lease, or exchange substantially all assets without stockholder approval.
Other amendments broaden director and officer liability limits, add indemnification and expense advances, and set a Nevada exclusive forum.
