Metergy Solutions Inc. entered into a definitive merger agreement to acquire Quadlogic Controls Corporation (OTCPK:QDLC) on April 6, 2022. The consideration per Quadlogic share is estimated to be $2.00 per share, subject to final closing adjustments and determination of transaction expenses. Metergy Solutions, Triacta™ brand and Quadlogic will continue to operate under their respective brands. The transaction is subject to approval by Quadlogic shareholders. In addition to approval by Quadlogic shareholders, the transaction is subject to the satisfaction or waiver of certain other customary closing conditions. The transaction has been approved by each company's board of directors and is expected to close in mid-2022. Ladenburg Thalmann & Co., Inc. served as financial advisor to Quadlogic.

Metergy Solutions Inc. completed the acquisition of Quadlogic Controls Corporation (OTCPK:QDLC) on July 20, 2022.