LifeQuest World Corp. (OTCID: LQWC) announced today the completion of its acquisition of an established Pacific Northwest waste management equipment company, adding approximately $3.5 million in annual revenue and transforming the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform.
The acquisition, structured as an all-equity deal with no cash at closing, involved the issuance of 3,338,290 shares of Series B Preferred Stock convertible into common shares and an $85,000 unsecured promissory note. The acquired business, operating through two Oregon corporations, serves commercial customers in Oregon, Washington, Idaho, and Montana, providing equipment sales, rentals, service, and maintenance.
For the fiscal year ended December 31, 2025, the acquired business generated $3.5 million in revenue and reported a GAAP net loss of approximately $4,400. However, after excluding non-recurring charges including a $94,200 inventory write-down and $121,000 in expensed capital equipment, normalized pre-tax income was approximately $211,000, according to non-GAAP measures provided by the company.
The acquisition positions LifeQuest as a holding company with three subsidiaries: the two Oregon waste management entities and BioPipe Global Corp., a decentralized wastewater treatment technology company. BioPipe's flagship technology, the Biopipe STP, treats wastewater inside a pipe without sludge or chemicals and has installations in 11 countries. More information is available at www.biopipe.co.
LifeQuest's CEO Max Khan stated, "This acquisition is a transformational step for LifeQuest. The Acquired Business brings immediate, established revenue, a loyal Pacific Northwest customer base, and a proven team to our platform." The company sees the acquisition as a catalyst for its strategic roadmap, which includes completing a PCAOB audit, filing with the SEC for registration, conducting a 1-for-40 reverse stock split, and applying for uplisting to the OTCQB Venture Market.
The company intends to engage a PCAOB-registered auditor to audit its consolidated financial statements, then file a Form S-1 or Form 10 with the SEC, becoming a fully reporting company. This would enhance transparency and investor confidence. Following SEC registration, LifeQuest will seek shareholder approval for a reverse stock split to meet the OTCQB minimum bid price requirement and then apply for uplisting.
Max Khan emphasized, "Our roadmap is clear, and this acquisition is the catalyst that makes it achievable. The revenue foundation that the Acquired Business provides is essential for a credible SEC registration and OTCQB uplisting process."
The acquired business brings $581,665 in deferred revenue, providing revenue visibility for 2026. The combined company serves a global water and wastewater treatment market estimated at over $211 billion, alongside a growing U.S. commercial waste management equipment market.
LifeQuest World Corp. is incorporated in Minnesota and headquartered in Ridgefield Park, New Jersey. For more information, visit www.lifequestcorp.com.
