Actelis Networks Eyes Majority Stake in Quality Industrial Corp
Company Announcements

Actelis Networks Eyes Majority Stake in Quality Industrial Corp

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.

Find detailed analytics on ASNS stock on TipRanks’ Stock Analysis page.

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