flooidCX Corp and Quantum Energy terminate merger agreement as of March 21, 2024

flooidCX Corp.

Merger agreement dated March 23, 2023 terminated; both parties released from all liabilities.
flooidCX (FLCX) and Quantum Energy (QREE) continue as separate entities on OTC Markets.
Planned changes to management, company name, and trading symbol will not occur.
Inductance Energy Corp remains a wholly owned subsidiary of Quantum Energy.
Termination was amicable and deemed in the best interest of shareholders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

flooidCX Corp. terminated Agreement and Plan of Merger with Quantum Energy, Inc. valued at Termination of the merger agreement released parties from all liabilities (effective 2024-03-21).

Action: termination
Agreement: merger
Counterparty: Quantum Energy, Inc.
Value: Termination of the merger agreement released parties from all liabilities
Effective: 2024-03-21

Exact text from the filing

the parties entered into a termination agreement which officially terminated the merger and the merger agreement, and released the parties from all liabilities related thereto.

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Source: SEC EDGAR

accession 0001477932-24-001438

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