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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current
Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
July 14, 2023
QualTek Services Inc.
(Exact Name of Registrant as Specified in Its
Charter)
Delaware |
|
001-40147 |
|
83-3584928 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
475 Sentry Parkway E, Suite 200
Blue Bell, PA 19422
(Address of Principal Executive Offices, and
Zip Code)
(484)
804-4585
(Registrant’s Telephone Number, Including
Area Code)
None
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
¨ |
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425) |
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
¨ |
Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
¨ |
Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Class A Common Stock |
QTEKQ (1) |
The
Nasdaq Stock Market LLC (1) |
Warrants |
QTEWQ (1) |
The Nasdaq Stock Market LLC (1) |
(1) On May 24, 2023, we received a written notice
from the Nasdaq Stock Market LLC (“Nasdaq”) notifying us that it would commence proceedings to delist our Class A common stock
and warrants. On June 2, 2023, our Class A common stock and warrants were suspended from trading on Nasdaq and began trading over-the-counter
under the symbols “QTEK” and “QTEWQ,” respectively. On July 10, 2023, Nasdaq filed a Form 25 with the Securities
and Exchange Commission (the “SEC”) to delist our Class A common stock and warrants and to remove them from registration under
Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The delisting will become effective
10 days after the filing of the Form 25. In accordance with Rule 12d2-2 of the Exchange Act, the de-registration of our Class A common
stock and warrants under Section 12(b) of the Exchange Act will become effective 90 days, or such shorter period as the SEC may determine,
from the date of the Form 25 filing.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company x
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
EXPLANATORY NOTE
On July 14, 2023 (the “Effective Date”),
QualTek Services Inc. (the “Company”) and certain of its subsidiaries (collectively, the “Debtors”) emerged from
their chapter 11 restructuring process. Specifically, as previously disclosed, on May 24, 2023, the Debtors commenced voluntary cases
(the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the
United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). On May 24, 2023, the Debtors
filed a proposed joint plan of reorganization [Docket No. 17] (as amended, supplemented, or modified, the “Plan”) and
associated disclosure statement [Docket No. 18] (the “Disclosure Statement”) in the Bankruptcy Court. On June 29, 2023,
the Debtors filed the Debtors’ Joint Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code (Technical Modifications)
[Docket No. 223], which incorporated certain technical modifications to the Plan. On June 30, 2023, the Bankruptcy Court entered the Order
Approving the Debtors’ Disclosure Statement for, and Confirming, the Debtors’ Joint Plan of Reorganization Pursuant to Chapter
11 of the Bankruptcy Code [Docket No. 234] (the “Confirmation Order”), which approved the Disclosure Statement
on a final basis and confirmed the Plan.
The Plan became effective on the Effective Date
in accordance with its terms and the Debtors emerged from the Chapter 11 Cases. As part of the transactions undertaken pursuant to the
Plan, the Debtors were reorganized and all of the existing equity interests of the Company outstanding immediately prior to the Effective
Date were cancelled, released and extinguished and such equity interests are now of no force and effect.
| Item 1.01 | Entry into a Material Definitive Agreement. |
Exit Financing Facilities
On the Effective Date, certain wholly-owned
material subsidiaries (the “Loan Parties”) of Reorganized QualTek (as defined in the Confirmation Order) entered into
the exit financing (the “Exit Financing”) consisting of (i) a senior secured ABL Credit and Guaranty Agreement by and
among the Loan Parties, PNC Bank, National Association and the lenders party thereto (the “Exit ABL Credit Agreement”)
consisting of $101,200,000 of new money revolving commitments, (ii) a first lien Term Credit and Guaranty Agreement by and among the
Loan Parties, UMB Bank, N.A. and the lenders party thereto (the “Exit First Lien Term Loan Credit Agreement”) in an
aggregate principal amount of $135,047,073.75 consisting of (x) $25,000,000 of new money first lien term loans and (y) first lien
term loans in an aggregate principal amount of $110,047,073.75, converted from the Debtors’ outstanding DIP term loans, (iii) a
Second Lien Credit Agreement by and among the Loan Parties, UMB Bank, N.A. and the lenders party thereto (the “Exit Second
Lien Term Loan Credit Agreement”) consisting of second lien term loans in an aggregate principal amount of $104,961,023.20, converted from the 3L Exit Term Loans held by each Amendment No. 3 Rollover Lender (as defined in the Prepetition Term Loan Credit
Agreement (as defined below)) that held or exercised a Conversion Right (as defined in the Confirmation Order) on the Effective
Date, and (iv) a Third Lien Credit Agreement by and among the Loan Parties, UMB Bank, N.A. and the lenders party thereto (the
“Exit Third Lien Term Loan Credit Agreement”) consisting of third lien term loans in an aggregate principal amount of
$127,653.99, converted from the Amendment No. 3 Rollover Loans (as defined in the Prepetition Term Loan Credit Agreement) held by
each Amendment No. 3 Rollover Lender on the Effective Date.
The Exit ABL Credit Agreement includes affirmative
and negative covenants and events of default, in each case substantially consistent with the Prepetition ABL Credit Agreement (as defined
below). The outstanding loans under the Exit ABL Credit Agreement accrue interest at the Bloomberg Short-Term Bank Yield Index rate (subject
to reserve requirements) plus the relevant applicable margin and mature on the first anniversary of the Effective Date.
The Exit First Lien Term Loan Credit Agreement
includes affirmative and negative covenants that are substantially similar to the Prepetition Term Loan Credit Agreement. It also includes
a basket for first lien pari secured incremental and/or incremental equivalent debt in an aggregate principal amount not to exceed $30,000,000.
The events of default under the Exit First Lien Term Loan Credit Agreement are substantially similar to the Prepetition Term Loan Credit
Agreement. The borrower is entitled to elect to pay interest in cash or to pay interest partially in cash and partially in kind. If the
borrower elects to pay interest partially in cash and partially in kind, the interest rate under the Exit First Lien Term Loan Credit
Agreement will be (a) term secured overnight financing rate (“SOFR”) plus 1.00% (with the portion of the interest under
this clause (a) payable in cash) plus (b) 9.00% (with the portion of the interest under this clause (b) payable in kind). If the
borrower elects to pay interest in cash, the interest rate under the Exit First Lien Term Loan Credit Agreement will be term SOFR (SOFR
floor of 1.00%) plus 8.00%. The loans under the Exit First Lien Term Loan Credit Agreement mature on the second anniversary of the Effective
Date.
The Exit Second Lien Term Loan Credit Agreement
includes affirmative and negative covenants that are substantially identical to the Exit First Lien Term Loan Credit Agreement, with basket
sizes generally subject to 20% cushion above the Exit First Lien Term Loan Credit Agreement. The interest rate under the Exit Second Lien
Term Loan Credit Agreement is (a) term SOFR (SOFR floor of 1.00%) plus 1.00% (with the portion of the interest under this clause
(a) payable in cash) plus (b) 9.00% (with the portion of the interest under this clause (b) payable in kind). The events of default
under the Exit Second Lien Term Loan Credit Agreement shall be substantially identical to the Exit First Lien Term Loan Credit Agreement.
The loans under the Exit Second Lien Term Loan Credit Agreement mature on the date that is three years and six months after the Effective
Date.
The Exit Third Lien Term Loan Credit Agreement
includes affirmative and negative covenants that are substantially identical to the Exit Second Lien Term Loan Credit Agreement, with
basket sizes generally subject to a 40% cushion above the Exit Second Lien Term Loan Credit Agreement. The interest rate under the Exit
Third Lien Term Loan Credit Agreement is term SOFR, plus 1% (all payable in kind). The events of default under the Exit Third Lien
Term Loan Credit Agreement shall be substantially identical to the prepetition facilities and DIP Term Credit Agreement. The loans under
the Exit Third Lien Term Loan Credit Agreement mature on the seventh anniversary of the Effective Date.
| Item 1.02 | Termination of a Material Definitive Agreement. |
Prepetition Indebtedness
Pursuant to the Plan, on the Effective Date, the
obligations of the Debtors under the indenture, dated as of February 14, 2022, by and among the Company, the guarantors party thereto
and Wilmington Trust, National Association, as trustee (as amended, the “Convertible Notes Indenture”), were cancelled. In
addition, on the Effective Date, the Debtors’ (i) prepetition asset based lending credit agreement (as amended, the “Prepetition
ABL Credit Agreement”) and (ii) prepetition senior secured term credit and guaranty agreement (as amended, the “Prepetition
Term Loan Credit Agreement”) were each cancelled by operation of the Plan.
Equity Interests
In accordance with the Plan, on the Effective
Date, all existing equity interests of the Company issued and outstanding immediately prior to the Effective Date, including Class A common
stock, Class B common stock and warrants, and any rights of any holder in respect thereof, were deemed cancelled, released and extinguished
and of no further force or effect.
DIP Facilities
On the Effective Date, each of (i) the super-priority
senior secured debtor-in-possession term loan credit and guaranty agreement, dated as of May 25, 2023 (the “DIP Term Credit Agreement”),
among QualTek Buyer, LLC (f/k/a BCP QualTek Buyer, LLC), QualTek LLC (f/k/a QualTek USA, LLC), certain subsidiaries of QualTek LLC and
each other debtor party thereto, the lenders party thereto and UMB Bank, N.A. as administrative and collateral agent, and (ii) the super-priority
senior secured debtor-in-possession ABL credit and guaranty agreement, dated May 25, 2023 (the “DIP ABL Credit Agreement”
and together with the DIP Term Credit Agreement, the “DIP Financing Arrangements”), among QualTek Buyer, LLC (f/k/a BCP QualTek
Buyer, LLC), QualTek LLC (f/k/a QualTek USA, LLC), certain subsidiaries of QualTek LLC, the lenders party thereto and PNC Bank, National
Association, as administrative agent and collateral agent, was cancelled by operation of the Plan.
| Item 1.03 | Bankruptcy of Receivership. |
On July 14, 2023, the Debtors filed a Notice
of (I) Entry of Order Approving the Debtors’ Disclosure Statement for, and Confirming, the Debtors’ Joint Plan of Reorganization Pursuant
to Chapter 11 of the Bankruptcy Code, and (II) Occurrence of the Plan Effective Date [Docket No. 248]. The information
set forth in the explanatory note is incorporated by reference into this Item 1.03.
| Item 2.03 | Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant. |
The information set forth in Item 1.01 is incorporated
by reference into this Item 2.03.
| Item 3.02 | Unregistered Sales of Equity Securities. |
Pursuant to the Plan and following the cancellation
of the Company’s existing equity interests described in this Current Report on Form 8-K, on the Effective Date, Reorganized QualTek
issued (i) new membership units (collectively, the “New Equity Interests”) to lenders of the loans issued under the Exit First
Lien Credit Agreement, the Tranche B Term Loans (as defined in the Confirmation Order), and to holders of notes outstanding under the
Convertible Notes Indenture and (ii) new warrants (collectively, the “New Warrants”) to purchase up to 7.5% of the New Equity
Interests to holders of notes outstanding under the Convertible Notes Indenture. Each New Warrant will initially represent the right to
purchase one New Equity Interest at an exercise price of $19.16. The number of New Equity Interests for which a New Warrant is exercisable,
and exercise price therefor, are subject to adjustment as provided in the warrant agreement governing the New Warrants. The New Warrants
may be exercised at any time prior to 5:00 p.m. New York City time on July 14, 2028, by cash settlement or by cashless settlement (whereby
the exercise price is deemed to be paid, without payment of cash therefor, by reducing the number of New Equity Interests received by
the exercising New Warrant holder based on the fair market value of the New Equity Interests), at the holder’s election. The issuance
of the New Equity Interests and the New Warrants was exempt from registration under the Securities Act of 1933, as amended (the “Securities
Act”), pursuant to section 1145 of the Bankruptcy Code.
| Item 3.03 | Material Modification to the Rights of Security Holders. |
The information set forth in the explanatory note
and Items 1.02, 1.03, 3.02, 5.01 and 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
| Item 5.01 | Changes in Control of Registrant. |
On the Effective Date, pursuant to the Plan, all
existing equity interests of the Company issued and outstanding immediately prior to the Effective Date, and any rights of any holder
in respect thereof, were deemed cancelled, released and extinguished and are now of no further force or effect. As described in Item 3.02,
on the Effective Date, pursuant to the Plan, the Reorganized Company issued the New Equity Interests and the New Warrants.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. |
On the Effective Date, pursuant to the Plan, Andrew
Weinberg, Matthew Allard, Bruce Roberson, John Kritzmacher, Cielo Hernandez and Alan Carr ceased to be directors of the Company. Christopher
S. Hisey, Todd Clegg, Daniel Lafond, and Emanuel Pearlman were designated as members of the board of directors of the Reorganized Company
(the “Board of Directors”).
Management Incentive Plan
As soon as reasonably practicable following the
Effective Date and pursuant to the Plan, the Reorganized Company will implement a new management incentive plan (the “Management
Incentive Plan”) providing for the issuance from time to time, as approved by the Board of Directors, of equity awards with respect
to the New Equity Interests. The New Equity Interests to be issued under the Management Incentive Plan will dilute all of the New Equity
Interests and New Warrants issued on the Effective Date.
| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On the Effective Date, in connection with the
Reorganized Debtors’ implementation of the Plan, the Reorganized Debtors adopted their New Organizational Documents (each as defined
in the Confirmation Order).
| Item 7.01 | Regulation FD Disclosure. |
Press Release
On July 14, 2023, the Company issued a press release
announcing its emergence from the restructuring process and successful consummation of the Plan. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
This information is furnished pursuant to Item
7.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act or otherwise
subject to the liabilities of that Section, unless the Company specifically incorporates it by reference in a document filed under the Securities
Act or the Exchange Act. By furnishing this information on this Current Report on Form 8-K, the Company makes no admission as to
the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.
Deregistration of Securities
In conjunction with its emergence from bankruptcy,
the Company intends to file post-effective amendments to each of its Registration Statements on Form S-1 and Form S-8 and promptly
file a Form 15 with the SEC to deregister its securities under Section 12(g) of the Exchange Act, and suspend the Company’s
reporting obligations under Sections 13(a) and 15(d) of the Exchange Act. Upon the filing of the Form 15, the Company’s
obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be immediately suspended.
Forward Looking Statements
This Current Report on Form 8-K contains forward-looking statements for the purposes of the safe harbor provisions
under the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange
Act. Forward-looking statements are statements other than statements of historical fact. They include statements regarding the Company’s
current expectations, management’s outlook guidance or forecasts of future events, projected cash flow and liquidity, its ability to enhance
cash flow and financial flexibility, and the assumptions on which such statements are based. The forward-looking statements are based
on the current expectations of the Company’s management and are inherently subject to uncertainties and changes in circumstances and their
potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that
have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual
results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC. The Company undertakes
no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated
events.
| Item 9.01 | Financial Statements and Exhibits. |
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
QUALTEK SERVICES INC. |
|
|
Date: July 17, 2023 |
By: |
/s/ Christopher S. Hisey |
|
Name: |
Christopher S. Hisey |
|
Title: |
Chief Executive Officer |
Exhibit 99.1
QualTek Successfully Emerges from Chapter 11
Emerges with Significantly Stronger Balance
Sheet
Company to Continue Focus on Growth in Wireless,
Wireline/Fiber, 5G, Renewables, and Recovery Sectors
July 14, 2023 06:46 PM Eastern Daylight Time
BLUE BELL, Pa.—(BUSINESS WIRE) – QualTek Services Inc. (the “Company” or “QualTek”), a leading
infrastructure services provider, today announced that it has successfully emerged from Chapter 11 in the United States Bankruptcy
Court for the Southern District of Texas following the confirmation of its Plan of Reorganization (“Plan”) on June 30,
2023.
“We are very pleased by our swift and successful
emergence, which represents the confidence of our stakeholders in our long-term strategy and the future of our Company,” said Scott
Hisey, Chief Executive Officer, QualTek. “We are entering into our next chapter with strong financial footing and the resources
necessary to focus on our core mission of providing quality, world-class infrastructure services to our client partners across the telecommunications
and utilities industries. I am grateful to our employees, including our many veterans, customers, and partners for their support during
this process and look forward to QualTek’s bright future.”
The Plan was supported by all major credit stakeholders,
including 100% of voting Secured Debt Holders and 100% of voting Convertible Noteholders. Through its financial restructuring, the Company
reduced its debt by approximately $307 million, entered into a $101 million exit ABL facility, and received $25 million of new money exit term loans.
Following emergence, QualTek will
operate as a privately-held company under the ownership of its prepetition lenders and management. Equity shares of the
pre-emergence Company have been canceled and are no longer publicly trading. The Company will be led by the existing management team
alongside a newly formed Board of Directors.
New Board of Directors
The Company today also announced a newly constituted
five-member Board of Directors. Chief Executive Officer Scott Hisey will be joined by Todd Clegg, Daniel Lafond, and Emanuel Pearlman,
who each bring valuable experience and expertise to the Company and will contribute significantly to QualTek’s strategic direction
and future success. The fifth board member is to be named at a later date.
Mr. Hisey is a founder and the CEO of
QualTek. He has over 35 years of telecom experience. Mr. Hisey served in the US Navy and is an Honorably Discharged Disabled Vet. He
is active on various boards and charities supporting Veteran and family initiatives.
Mr. Clegg is a former Managing Director and the
former Head of Financial Services at Onex Corporation, where he worked from 2005 to 2022. Since 2018, Mr. Clegg led or co-led four platform
investments of over $5.2 billion at Onex. Mr. Clegg is a current or former board member of Wealth Enhancement Group, OneDigital, Sedgwick,
Ryan Specialty Group, Convex Group, York Risk Services, Carestream Health, USI, Goddard Center, and Stanley Isaacs Center. Prior to Onex,
Mr. Clegg worked as an investment banking analyst at JP Morgan Chase in the Syndicated & Leveraged Finance Group. Mr. Clegg received
a Bachelor’s degree of Science in Economics from the University of Pennsylvania’s Wharton School of Business and graduated
magna cum laude from Wharton’s Honors Program.
Mr. Lafond has served as a member of the
Board of Directors of QualTek Services Inc. since March 2022. Mr. Lafond has over two decades of experience in the
telecommunications and technology industries, having served in various senior leadership roles at AT&T Inc., Comcast
Corporation, and QuadGen Wireless Solutions Inc. Most recently, Mr. Lafond was a Senior Vice President of National Sales at Comcast
Corporation. In this role, Mr. Lafond led the transformation strategy for XFINITY sales channels and operations, and helped drive
customer growth by investing in sales channels to better serve the customer, and by creating a more centralized sales operations
function to help support the employees serving Xfinity’s customers. Mr. Lafond received a Bachelor’s degree of Arts in
Accounting from LaSalle University.
Mr. Pearlman has been a member of the Board of
Directors of QualTek Services Inc. since March 2023. Mr. Pearlman has over 30 years of leadership experience in industries including
gaming, hospitality, leisure, retail, wholesaling, and distribution. Mr. Pearlman is the founder and CEO of Liberation Investment Group,
an investment and financial consulting firm. Currently, Mr. Pearlman serves on the boards of MidCap Financial Investment Corp, Diebold
Nixdorf, LSC Communications, and Network-1 Security Solutions. Earlier in his career, Mr. Pearlman served on the boards of Flexia Payments,
Atlas Crest Investment Corp. II, Redbox Entertainment, Associated Materials, Empire Resorts, CEVA Logistics, and others. Mr. Pearlman
received a Bachelor’s degree of Arts in Economics from Duke University and a Master’s degree in Business Administration from
the Harvard Graduate School of Business.
Advisors
Kirkland & Ellis LLP and Jackson Walker LLP
served as legal counsel, Jefferies served as investment banker, and Alvarez & Marsal served as financial advisor to the
Company. C Street Advisory Group served as the strategy and communications advisor to the Company. The Plan was supported by an ad hoc group of term lenders represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP, as counsel,
Houlihan Lokey Capital, Inc., as investment banker, and Accordion Partners, LLC, as financial advisor. The Plan was also supported by
Fortress Investment Group LLC, the largest holder of convertible notes, represented by Davis Polk & Wardwell LLP, as counsel, and
Solomon Partners, L.P., as financial advisor.
About QualTek
Founded in 2012, QualTek is a leading technology-driven
provider of infrastructure services to the 5G wireless, telecom, power grid modernization and renewable energy sectors across North America.
QualTek has a national footprint with more than 65 operation centers across the U.S. and a workforce of over 5,000 people. QualTek has
established a nationwide operating network to enable quick responses to customer demands as well as proprietary technology infrastructure
for advanced reporting and invoicing. The Company reports within two operating segments: Telecommunications, and Renewables and Recovery
and has already become a leader in providing disaster recovery logistics and services for electric utilities. For more information, please
visit https://www.qualtekservices.com.
Forward Looking Statements
This press
release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934. Forward-looking statements are statements other than statements of historical fact. They include statements regarding
QualTek’s current expectations, management's outlook guidance or forecasts of future events, projected cash flow and
liquidity, its ability to enhance cash flow and financial flexibility, and the assumptions on which such statements are based. The
forward-looking statements are based on the current expectations of the management of QualTek and are inherently subject to
uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be
no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of
risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those
expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those
discussed and identified in public filings made with the SEC.
QualTek undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report
the occurrence of unanticipated events.
Contacts
Media & Investor Relations
C Street Advisory Group
QualTek@thecstreet.com
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QualTek Services (PK) (USOTC:QTEKQ)
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