Current Report Filing (8-k)
April 05 2022 - 8:46AM
Edgar (US Regulatory)
0000278165
false
0000278165
2022-04-01
2022-04-01
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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): April 1, 2022
OMNIQ
CORP.
(Exact
name of registrant as specified in charter)
| Delaware |
|
000-09047 |
|
20-3454263 |
| (State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
| of
incorporation) |
|
File
Number) |
|
Identification
No.) |
1865
West 2100 South, Salt Lake City, UT 84119
(Address
of Principal Executive Offices) (Zip Code)
(714)
899-4800
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(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: None.
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 ☐
If
an emerging growth company, indicate by check mart 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. ☐
Item
2.01 Completion of a Material Acquisition
As
set forth in a Current Report on Form 8-K originally filed on July 14, 2021, Omniq Corp. (the “Company”) closed on the acquisition
of 51.0% of the capital stock of Dangot Computer Systems, Ltd. (“Dangot”) on July 8, 2021. As disclosed in such Current Report
on Form 8-K, the Company had the option to purchase the remaining 49.0%. As set forth in a Current Report on Form 8-K filed on November
30, 2021, the Company exercised a portion of its option and purchased an additional 26% of Dangot bringing its ownership to 77%, on November
29, 2021. The Company paid $4,035,000 to purchase the additional shares.
On
April 1, 2022, the Company closed on its acquisition of Dangot and exercised the remaining portion of its option to purchase 23.0% of
the capital stock, thereby making Dangot a fully owned subsidiary of the Company. The Company paid $3,518,000 to purchase the additional
shares. The Company utilized its working capital and a combination of short and long term loans.
Item
7.01 Regulation FD Disclosure
On
April 5, 2022, the Company issued a press release to disclose the purchase of the remaining 23% of the Company. A copy of the press release
is attached as Exhibit 99.1 and is hereby incorporated by reference in its entirety.
Item
9.01 Financial statements and Exhibits
(d)
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.
Date:
April 5, 2022
| |
OMNIQ
Corp. |
| |
|
| |
By: |
/s/
Shai S. Lustgarten |
| |
|
Shai
S. Lustgarten |
| |
|
President
and CEO |
OMNIQ (PK) (USOTC:OMQS)
Historical Stock Chart
From Jun 2024 to Jul 2024
OMNIQ (PK) (USOTC:OMQS)
Historical Stock Chart
From Jul 2023 to Jul 2024
