Quest Solutions, Inc.’s $5 Million Private Placement

Sichenzia Ross Ference LLP represented Quest Solution, Inc. (OTCQB: QUES) in the private placement of 16,666,667 unregistered shares of its common stock, at a purchase price of $.30 per share, for gross proceeds of approximately $5,000,000.

Investors also received warrants to purchase 16,666,667 shares of common stock at an exercise price of $.35 per share.

Quest Solution is a Specialty Systems Integrator focused on Field and Supply Chain Mobility as well as a provider of Artificial Intelligence (AI) monitoring and surveillance solutions. Additionally, the Company is a manufacturer and distributor of consumables (labels, tags, and ribbons), RFID and IoT solutions, and barcoding printers. Founded in 1994, Quest is headquartered in Salt Lake City, Utah with sales offices located across the United States as well as Israel.

Sichenzia Ross Ference LLP represented Quest Solution, Inc. with a team including Arthur Marcus (Pictur) and David Manno.

Involved fees earner: David Manno – Sichenzia Ross Ference LLP; Arthur Marcus – Sichenzia Ross Ference LLP;

Law Firms: Sichenzia Ross Ference LLP;

Clients: Quest Solutions Inc;

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Author: Ambrogio Visconti