Actelis Networks has officially terminated its binding term sheet with Quality Industrial Corp (QIND) on November 11, 2024. The termination follows the company's previous notification on October 10, 2024, invoking its right with a 30-day notice period as per the agreement terms.The original term sheet, announced on May 23, 2024, outlined plans for Actelis Networks to acquire between 61% to 75% of Quality Industrial Corp's issued and outstanding shares. The termination was executed in accordance with the agreement's provisions after the mandatory notice period expired.

Actelis Networks has officially terminated its binding term sheet with Quality Industrial Corp (QIND) on November 11, 2024. The termination follows the company's previous notification on October 10, 2024, invoking its right with a 30-day notice period as per the agreement terms.The original term sheet, announced on May 23, 2024, outlined plans for Actelis Networks to acquire between 61% to 75% of Quality Industrial Corp's issued and outstanding shares. The termination was executed in accordance with the agreement's provisions after the mandatory notice period expired.