Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 21

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 he is owed approximately $60 thousand in unpaid commissions. This case was settled in February 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 thousand 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 1A. RISK FACTORS

Not applicable.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

WHERE YOU CAN FIND ADDITIONAL INFORMATION

We have filed with the Securities and Exchange Commission
this Form 10-Q, including exhibits. You may read and copy all or any portion of the registration statement or any reports, statements,
or other information in the files at SEC’s Public Reference Room located at 100 F Street, NE., Washington, DC 20549, on official
business days during the hours of 10 a.m. to 3 p.m.

You can request copies of these documents upon payment
of a duplicating fee by writing to the Commission. You may call the Commission at 1-800-SEC-0330 for further information on the operation
of its public reference room. Our filings, including the registration statement, will also be available to you on the website maintained
by the Commission at http://www.sec.gov.

We intend to furnish our stockholders with annual
reports which will be filed electronically with the SEC containing the consolidated financial statements audited by our independent auditors,
and to make available to our stockholder’s quarterly reports for