Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 301

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 301
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 (a) 

    (a)  
    (b)  
    (c) 
  
    Equity compensation plans approved
    by security holders 
     2,104,068  
    $5.48  
     606,856 

In
October 2021, OMNIQ’s Board of Directors adopted an Equity Incentive Plan (the “Plan”), as an incentive to retain and
attract new employees, directors, officers, consultants, advisors and employees to the Company. Pursuant to the Plan, 1,118,856 shares
of the Company’s common stock, par value $0.001 (the “Shares”), were set aside and reserved for issuance. The Plan
was approved by our stockholders at the December 2021, shareholders’ meeting. On February 25, 2022, the Company granted 792,500
stock options. These options were granted to employees as part of the Plan. On October 23, 2022 19,000 stock options were granted to
employees as part of the Plan. No shares were issued under the Plan in 2023 or 2024.

Securities
Authorized for Issuance under Equity Compensation Plans

The
information required by this item with respect to securities authorized for issuance under equity compensation plans is set forth in
Part III, Item 12 of this Annual Report on Form 10-K, and is incorporated herein by reference.

10

Dividends
and other Distributions

OMNIQ
has never declared or paid any cash dividends on its common stock. The Company currently plans to retain future earnings to finance the
growth and development of its business and does not anticipate paying any cash dividends in the foreseeable future. OMNIQ may incur indebtedness
in the future which may prohibit or effectively restrict the payment of dividends. Any future determination to pay cash dividends will
be at the discretion of OMNIQ’s Board of Directors. The Company’s Series C Preferred Stock pays a 6% dividend, but the Company
has been unable to make such dividend payments, thus those dividends are accrued quarterly. Accrued but unpaid dividends do not bear
interest.

Recent
Sales of Unregistered Securities

In
December 2015, our Board of Directors approved the OMNIQ’s Employee Stock Purchase Plan (the “ESPP”). During 2024, the Company issued an aggregate of 37,128 shares of common
stock to certain individuals as part of the ES