SAN FRANCISCO, CA / ACCESSWIRE / August 20, 2024 / Quality Industrial Corp. (OTC PINK:QIND) is an Industrial company servicing the Oil & Gas and Utility sectors. The company is pleased to announce that on August 19, 2024, its board of directors approved and ratified the appointment of Bush and Associates CPA ("Bush and Associates") as its independent registered public accounting firm.
Bush and Associates will review QIND's consolidated financial statements for the period ending June 30, 2024. They will also audit the company's consolidated financial statements for the fiscal year ending December 31, 2024. Bush and Associates replace Pipara and Co LLP ("Pipara") as QIND's independent auditor.
On May 23, 2024, QIND issued a press release to announce that it had entered into a binding term sheet with Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis") for Actelis to acquire 61% to 75% of the issued and outstanding shares of the Company, subject to customary terms for closing. On August 16, 2024, the Parties agreed to extend the non-solicitation and no-shop periods provided in the term sheet until August 30, 2024, unless mutually terminated earlier by the Parties.
The Parties continue to work towards the completion of the transaction in the soonest possible timeframe. There can be no assurance that the proposed transaction will be consummated. About Bush and Associates CPA: Bush & Associates is a premier, PCAOB-registered public accounting firm specializing in providing high-qualit.