flooidCX Corp terminates merger with Quantum Energy Inc; both remain separate entities

flooidCX Corp.

Merger agreement dated March 23, 2023 terminated on March 21, 2024.
Termination was mutual and amicable; parties released from all liabilities.
flooidCX (FLCX) and Quantum Energy (QREE) continue as separate OTC-traded entities.
Inductance Energy Corp remains a majority-owned subsidiary of QREE; shareholders retain ownership.
No change in corporate structures or trading status.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

flooidCX Corp. terminated Agreement and Plan of Merger with Quantum Energy, Inc. (effective 2024-03-21).

Action: termination
Agreement: merger
Counterparty: Quantum Energy, Inc.
Effective: 2024-03-21

Exact text from the filing

on March 21, 2024 the parties entered into a termination agreement which officially terminated the merger and the merger agreement

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Source: SEC EDGAR

accession 0001477932-24-001725

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