OMQS OMNIQ Corporation (QB)

 

 

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): August 1, 2024

 

OMNIQ CORP.

(Exact name of registrant as specified in charter)

 

Delaware		001-40768		20-3454263
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer 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:

 

Title of each class		Ticker symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		OMQS		The Nasdaq Stock Market LLC

 

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 7.01 Regulation FD

 

On August 1, 2024, Omniq Corp. (the “Company”) issued a press release. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit Number		Description
99.1		Press Release Dated August 1, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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: August 1, 2024

 

OMNIQ Corp.
By:	/s/ Shai S. Lustgarten
	Shai S. Lustgarten
	President and CEO

 

 

 

Exhibit 99.1

 

OMNIQ CORP ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET

 

Salt Lake City, UT – August 1, 2024 – OMNIQ CORP. (OTCQB: OMQS), a leading provider of AI-based solutions for supply chain management, public safety, and healthcare, is pleased to announce that its common stock has been approved for uplisting from the OTC Pink Market to the OTCQB Venture Market, effective immediately.

 

The OTCQB Venture Market, operated by OTC Markets Group, is recognized as a premier marketplace for early-stage and developing U.S. and international companies. The move to OTCQB reflects OMNIQ’S commitment to increasing transparency, improving investor confidence, and attracting a broader base of shareholders. This significant milestone underscores the Company’s sustained growth, financial stability, and adherence to high standards of corporate governance and disclosure.

 

“We are thrilled to announce our uplisting to the OTCQB Venture Market,” said Shai Lustgarten, CEO of omniQ® Inc. “This achievement marks a crucial step in our strategic plan, enhancing our visibility within the investment community and providing greater liquidity for our shareholders. The uplisting not only validates our business model and operational achievements but also sets the stage for future expansion.”

 

The transition to OTCQB is expected to provide current and potential investors with better trading conditions, including improved market depth and reduced spreads. Additionally, it highlights the Company’s ongoing efforts to meet rigorous financial and operational standards.

 

OMNIQ continues to leverage its proprietary AI technology to deliver innovative solutions that optimize supply chain operations, enhance public safety, and improve healthcare outcomes. The Company’s advancements in machine vision and IoT (Internet of Things) have positioned it as a leader in the intelligent technology space, driving efficiency and sustainability across various industries.

 

Investors can find real-time Level 2 quotes and market information for omniQ® at www.otcmarkets.com under the ticker symbol “OMQS.”

 

About OMNIQ Corp.

 

OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver real time object identification, tracking, surveillance, and monitoring for the Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Company help clients move people, and objects and manage big data safely and securely through airports, warehouses, schools, and national borders and in many other applications and environments.

 

 

OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have more than doubled, reaching $81 million in 2023, from clients in more than 40 countries.

 

The Company currently addresses several billion-dollar markets with double-digit growth, including the Global Smart City & Public Safety markets.

 

Information about forward-looking statements

 

This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, specifically under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, which address expected future events, economic performance, and financial outcomes, are not historical facts but predictions based on current expectations and projections.

 

Such forward-looking statements, identifiable by terms like “anticipate,” “expect,” “may,” “believe,” and similar expressions, should not be seen as guarantees of future results. They are based on the information available at the time of making and reflect management’s current expectations about future events. These statements are subject to various risks and uncertainties that could cause actual results to differ significantly from those projected or implied. Some of these risks include fluctuations in product demand, the introduction of new offerings, maintaining customer and strategic relationships, competitive pressures, market growth, financial liquidity, debt management, and the ability to integrate new acquisitions effectively.

 

Specific forward-looking statements in this release include expectations regarding financial strategies, revenue growth, and operational improvements. For a detailed discussion of risks and uncertainties that could affect OMNIQ Corp.’s future performance, please refer to our recent filings with the Securities and Exchange Commission at https://www.sec.gov. OMNIQ Corp. does not commit to updating these forward-looking statements unless required by law.

 

Contact Info:

 

IR@OMNIQ.com

 

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Cover	Aug. 01, 2024
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Aug. 01, 2024
Entity File Number	001-40768
Entity Registrant Name	OMNIQ CORP.
Entity Central Index Key	0000278165
Entity Tax Identification Number	20-3454263
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1865 West 2100 South
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84119
City Area Code	(714)
Local Phone Number	899-4800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	OMQS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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