Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 2

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 2
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2024.

On
November 3, 2024 a commercial real estate company filed a lawsuit against Dangot Computers, OmniQ Technologies and some of Dangot’s
officers alleging breach of a letter of intent for a lease arrangement. The claims were brought in an Israeli court. The initial claim
against Dangot Computers is NIS 21 million approximately US $5.6 million. The Company believes that it has meritorious
defenses to such action and intends to vigorously defend itself. At this early stage, it is not possible to fully assess the chances
of a lawsuit.

In March 2025, the Company was named a defendant in
a case involving a consultant who was terminated and who claims he is owed approximately $389,000 in unpaid fees and commissions. 
The Company believes it has multiple defense and cross claims against the former consultant and is evaluating its response to the lawsuit,
but plans to vigorously defend the suit.

ITEM
4. MINE SAFETY DISCLOSURES

NONE.

9

PART
II

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
Information

On
October 8, 2021 the Company’s common stock became available on The Nasdaq Stock Market LLC under the symbol “OMQS”.
Before then, shares of OMNIQ’s common stock were not traded on an established market. OMNIQ’s common stock was traded through
broker/dealers and in private transactions, and quotations reported on the OTCQB under the symbol “OMQS”. OTCQB quotations
reflected interdealer prices, without mark-up, mark-down or commission and may not represent actual transactions. No dividends have been
declared or paid on OMNIQ’s common stock and none are likely to be declared or paid in the near future.

    Common
    Stock 

    High  
    Low 

    Period for the stock prices
    by quarter 

    Fiscal Year Ended December 31, 2023: 

    Fiscal Quarter Ended March 31, 2023 
    $5.15  
    $4.27 
  
    Fiscal Quarter Ended June 30, 2023 
    $4.14  
    $3.95 
  
    Fiscal Quarter Ended September 30, 2023 
    $1.61  
    $1