Actelis Networks, Inc. (ASNS) has provided an update.
Actelis Networks, Inc. has announced a deal to acquire a majority stake in Quality Industrial Corp, with intentions to purchase between 61% to 75% of its shares. The transaction’s completion has been subject to regulatory and due diligence reviews, leading to several extensions of the negotiation exclusivity period, with the latest deadline set for October 1, 2024. However, if certain conditions are not met by September 15, the exclusivity will end earlier. There is no certainty that the definitive agreement will be reached or that the acquisition will go through.
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