Actelis Networks Eyes Majority Stake in Quality Industrial Corp

Actelis Networks, Inc. (ASNS) has issued an update.

Actelis Networks, Inc. has announced its plan to acquire a majority stake of 61% to 75% in Quality Industrial Corp, with the transaction pending regulatory approval and due diligence. The initial non-solicitation and no-shop agreement has been extended twice, with the latest extension until August 16, 2024. However, there is no guarantee that the deal will be finalized. This strategic move could significantly impact investors and the market, keeping stakeholders on the lookout for further developments.

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