Quality Industrial Corp. announced a private placement of a two year convertible promissory note in the principal amount of $1,100,000 on August 3, 2022. The transaction will include participation from RB Capital Partners, Inc. The note bears interest at 7% per annum.

All principal on the note is convertible into shares of our common stock after six months from issuance at the election of the holder at a conversion price equal $1 per share.