QIND Appoints Investment Bank, Files Preliminary Schedule 14C Information Statement, and Provides S-1 Filing Update.

SAN FRANCISCO, CA / ACCESSWIRE / June 23, 2023 / Quality Industrial Corp. (OTC:QIND), is a mergers and acquisitions company focused primarily on the Industrial and Oil and Gas sectors. Earlier this week, the company appointed a prominent investment bank to act as its exclusive lead managing underwriter in connection with the sale of its common stock in a firm commitment public offering with a concurrent listing of the Company's common stock on the NYSE American. The company confirms that it plans to file its S-1 Registration Statement for the underwritten offering as well as its preliminary application for review by the New York Stock Exchange (NYSE) within the next 10 business days. Today, the company filed its preliminary Schedule 14C Information Statement following authorization by its Board of Directors for a reverse split of QIND's stock under the condition that it may only be accomplished for the purpose of and at the same time as listing of the Company's common stock on a National Exchange.

The Process

QIND has prepared its preliminary application for review by the NYSE and is now finalizing its S-1 Registration Statement for the underwritten offering. The S-1 is expected to be filed within the next 10 business days, during which the Investment Bank will be revealed. Upon approval of the company's NYSE application and completion of the offering, QIND intends to list to the NYSE American. If required in order to meet the bid price requirement for listing to the NYSE American, the company will affect the authorized reverse stock split simultaneous to its listing on the Exchange.

Investment Bank

QIND has exclusively appointed a New York headquartered Investment Bank to act as the lead managing underwriter in connection with the sale of the company's common stock in a firm commitment public offering and concurrent listing on a U.S. National Securities Exchange. The company's Capital Markets Advisor, Exchange Listing LLC is collaborating with the Investment Bank on the financing and listing of QIND.

"We are pleased to appoint a prominent Investment Bank to assist with our NYSE American listing. Having been impressed by the team's exemplary track record, their overall management experience and proactivity, we are confident that they are the right partner for this listing as well as our broader strategy." said QIND CEO, John-Paul Backwell.

S-1 Registration Statement

QIND expects to file an S-1 Registration Statement for the sale of its common stock in a firm commitment public offering and concurrent listing on a U.S. National Securities Exchange within the next 10 business days. The offering shall be for an amount of gross proceeds of up to approximately $7 million. Coinciding with the filing of the S-1 Registration Statement, QIND will submit is preliminary application for review by the NYSE.