Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 63

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 63
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 Company’s
common stock, par value $0.001 per share, at a price to the public of $1.00 per share (the “Underwritten Shares”) and pre-funded
warrants (the “Pre-Funded Warrants”) to purchase 225,000 shares of the Company’s common stock at a price to the public
of $0.999 per Pre-Funded Warrant. Under the terms of the Underwriting Agreement, the Underwriters have agreed to purchase the Underwritten
Shares from the Company at a price of $1.00 per share and the Pre-Funded Warrants at a price of $0.999 per Pre-Funded Warrant. The Company
also granted the Underwriters an option exercisable for 45 days from the date of the Underwriting Agreement to purchase up to an additional
450,000 shares of common stock solely for the purpose of covering over-allotments (together with the Underwritten Shares, the “Shares”).
All of the Shares and Pre-Funded Warrants in the Offering are being sold by the Company. The Company also issued warrants to the Representative
(the “Representative’s Warrants”), exercisable to purchase 140,000 shares of common stock, at an exercise price of
$1.25 per share.

    F-21

The
gross proceeds from the Offering were approximately $3.0 million before deducting underwriting discounts and commissions and other offering
expenses payable by the Company and assuming no exercise of the Underwriters’ option to purchase additional shares.

Warrants
and Stock Options

The
valuation assumptions used to determine the fair value of each option and warrant awarded during the year ended December 31, 2023 are
as follows: expected stock price volatility 126.44%, expected term in years 3.25, and risk-free interest rate 4.73%. The estimated fair
value of the warrants were $.55.

There
were no options or warrants awarded during the year ended December 31, 2024.

No
warrants were exercised during the years ended December 31, 2023 or 2024.

The
following table summarizes information about warrants granted during the years ended December 31:

 SCHEDULE OF WARRANTS ACTIVITY

    2024  
    2023 

    Number
    of Warrants  
    Weighted Average
                                            Exercise Price  
    Number
    of Warrants  
    Weighted Average
    Exercise Price