Actelis Networks Eyes Majority Stake in Quality Industrial Corp

Actelis Networks, Inc. (ASNS) just unveiled an update.

Actelis Networks, Inc. is set to acquire a majority stake in Quality Industrial Corp, with the deal involving 61% to 75% of the latter’s shares. The acquisition process, initially announced on May 23, 2024, is subject to regulatory approval and due diligence, with a closure timeline of 60 days. However, both companies have agreed to extend the negotiation exclusivity period until August 2, 2024. Despite these plans, there is no guarantee that the transaction will be finalized or a definitive agreement reached.

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