Item 8.01 Other Events.
On May 27, 2022, Quanta Inc. (the "Company") received a Wells notice (the
"Notice") from the staff of the Los Angeles Regional Office of the Securities
and Exchange Commission (the "Commission") stating that they are recommending an
enforcement action be filed against us based on (i) our financial statements and
other information contained in reports filed by us with the Commission by us for
our 2021 year and thereafter; and (ii) press releases issued by the Company. The
Notice states that the Commission anticipates alleging that we have violated
Section 17(a) of the Securities Act of 1933, Sections 10(b), 13(a), 13(b)(2)(A)
and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20,
13a-1, 13a-11, 13a-13, and 13a-15 thereunder. We contend that we have not
committed any wrongdoing or the violations referred to in the Notice. We cannot
predict whether the Commission will follow the recommendations of the staff and
file suit against us. If any enforcement proceeding is instituted by the
Commission, we will defend the action. We cannot predict the outcome or timing
of this matter.
© Edgar Online, source Glimpses
QUANTA 
