Quality Industrial Corp. Appoints New Auditor and Updates on Acquisition

Quality Industrial Corp. (OTC PINK:QIND) announces the appointment of Bush and Associates CPA as its new independent registered public accounting firm. Approved on August 19, 2024, Bush and Associates will review the company's consolidated financial statements for the period ending June 30, 2024, and audit the fiscal year ending December 31, 2024. They replace Pipara and Co LLP.

On May 23, 2024, QIND disclosed an agreement with Actelis Networks, Inc. (NASDAQ: ASNS) for Actelis to acquire 61% to 75% of QIND's shares. The agreement's non-solicitation and no-shop periods have been extended to August 30, 2024. The completion of this transaction remains uncertain.