Qualis Innovations, Inc. announced a private placement on best efforts basis to raise up to $4,000,000 through a 8% PIK Dividend Series A Convertible Participating Preferred Stock par value $0.001 per share for a purchase price of $1.00 per Share on August 24, 2022. The transaction will terminate on the earliest of the date the company, in its discretion, elects to terminate, the date upon which all Shares have been sold, subject to an increase in the size of the transaction or October 5, 2022, unless extended by the company for up to an additional Ninety days.