M&A
confidence high
sentiment positive
materiality 0.65
Wikisoft acquires 51% membership interest in Etheralab LLC for $510K in stock, plus IP license
Quality Industrial Corp.
- Issued 2,550,000 common shares at $0.20/share (aggregate $510,000) for 51% membership interest in Etheralab LLC.
- Also obtained non-exclusive, worldwide license to Etheralab's blockchain and AmpliFi press release distribution IP.
- Technology expected to power wikifunding platform and provide PR service to 90M businesses in Wikisoft database.
- Shares are restricted with a 2-year lockup; transaction closed on Feb 28, 2022.
- Company expects acquisition to be accretive to earnings within two years.