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Re: None

Monday, 03/25/2024 9:02:41 PM

Monday, March 25, 2024 9:02:41 PM

Post# of 1279
FLCX Merger has been canceled.

On March 23, 2023, flooidCX Corp. (“FLCX”), a Nevada corporation, and Quantum Energy, Inc., a Nevada corporation (“QREE”), entered into an Agreement and Plan of Merger (the “Agreement”). Subsequently, the parties agreed that it was no longer in their material interest to proceed with the merger, and on March 21, 2024 the parties entered into a termination agreement which officially terminated the merger and the merger agreement, and released the parties from all liabilities related thereto.

Both FLCX and QREE will continue to operate as separate and distinct entities, each maintaining their respective corporate structures and trading status on the OTC Markets.

As a result of the termination of the Agreement, the planned changes in the management structure, company name, and trading symbol for Flooid will not take place. Inductance Energy Corporation (“IE”), currently operated as a subsidiary of Quantum Energy, Inc., will continue in its current structure as a wholly owned subsidiary of QREE, and shareholders of Inductance Energy Corporation will retain their current ownership of IE.

Don't see how it could've broke down when Danzik is the signer for FlooidCX Corp or why they were doing this at all when FLCX was inactive.