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![buffalofireside Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1422246824396705794.png) Buffalo Fireside Chats [@buffalofireside](/creator/twitter/buffalofireside) on x 2983 followers
Created: 2025-07-17 13:17:50 UTC

🚨 $ILUS Update: Disclosure & Listing Status 🚨
Here’s the latest breakdown from today’s press release:

🔹 ILUS has faced audit delays due to:
 – Acquisition/divestiture complexity
 – Sale of Quality Industrial (QIND) mid-year
 – Auditor change + legacy SEC comments

🔹 Company advised not to file unaudited interims—will submit fully audited financials
 ➡️ May temporarily be moved to OTC Expert Market
 ➡️ Targeting completion before Q4

🔹 Exploring:
 ✅ Filing Form S-1
 ✅ Nasdaq uplist (OTC offers "limited value")

🔹 CEO Link:
 “We’re closing this chapter and unlocking 2026 growth.”

🧾 ILUS will return to higher OTC tier or uplist immediately after filings

#OTC #ILUS #QIND #Nasdaq #AuditUpdate #BFCNation #BFCVC2


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**Related Topics**
[otc](/topic/otc)
[listing](/topic/listing)
[$ilus](/topic/$ilus)

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