Actelis Networks, Inc. (ASNS) has shared an announcement.
Actelis Networks, Inc. has announced plans to acquire a majority stake in Quality Industrial Corp, ranging from 61% to 75% of its shares. The acquisition process, subject to regulatory approval and successful due diligence, was initially expected to close within 60 days but has faced several extensions to the non-solicitation and no-shop periods, now set until August 30, 2024. However, there is no guarantee that a definitive agreement will be reached or that the acquisition will be finalized.
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