Actelis Networks has announced a further extension of the non-solicitation and no-shop periods in its binding term sheet with Quality Industrial Corp (QIND) and Ilustrato Pictures International Inc. The deadline has been extended from August 2 to August 16, 2024, unless mutually terminated earlier by the parties.The original agreement, announced on May 23, 2024, outlined Actelis's intention to acquire between 61% to 75% of QIND's issued and outstanding shares from Ilustrato Pictures and additional shareholders. This marks the second extension of the deadline, following a previous extension from July 19 to August 2, 2024.The company emphasizes that there is no guarantee that a definitive agreement will be reached or that the proposed transaction will be completed. The acquisition, if successful, remains subject to regulatory requirements and due diligence.

Actelis Networks has announced a further extension of the non-solicitation and no-shop periods in its binding term sheet with Quality Industrial Corp (QIND) and Ilustrato Pictures International Inc. The deadline has been extended from August 2 to August 16, 2024, unless mutually terminated earlier by the parties.The original agreement, announced on May 23, 2024, outlined Actelis's intention to acquire between 61% to 75% of QIND's issued and outstanding shares from Ilustrato Pictures and additional shareholders. This marks the second extension of the deadline, following a previous extension from July 19 to August 2, 2024.The company emphasizes that there is no guarantee that a definitive agreement will be reached or that the proposed transaction will be completed. The acquisition, if successful, remains subject to regulatory requirements and due diligence.