QUANTUM X LABS INC.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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Mar 31, 2025 · Filed May 14, 2025
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LEGAL PROCEEDINGS
We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations, except as set forth below.
On March 27, 2025, the Petition was filed with the District Court of Tel Aviv-Jaffa for a court order to commence insolvency proceedings against Gix Media as further described above under “Recent Developments— Filing of Insolvency Petition Against Gix Media”. We cannot currently assess the likelihood of success of the Petition or its potential impact on the Company’s business.
There is no other action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of the Company, threatened against or affecting the Company, our common stock, our officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
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