Quality Industrial Corp. extends non-solicitation period with Actelis Networks; target closing Oct 1, 2024

Quality Industrial Corp.

Non-solicitation and no-shop periods extended to October 1, 2024; earlier termination on Sept 15 if conditions unmet.
Targeted signing and closing date for the transaction set to October 1, 2024, subject to earlier mutual termination.
Actelis Networks (ASNS) to acquire 61%-75% of Quality Industrial shares from Ilustrato Pictures International and others.
Parties had previously extended periods on July 19, Aug 2, and Aug 16, 2024.
No assurance that a definitive agreement will be entered into or that the transaction will be consummated.

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