Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 211

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 211
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 have preferential rights above common shares and the Series B Preferred Shares,
are entitled to receive a quarterly dividend at a rate of $0.06 per share per annum, and have a liquidation preference of $1 per share.
Series C shares outstanding are convertible into common stock at the rate of 20 preferred shares to one share of common stock. As of
December 31, 2024 and 2023, the accrued dividends on the Series C Preferred Stock was $211 thousand and $181 thousand, respectively.

The
Series C Preferred Stock has a liquidation value and conversion price of $1.00 per share ($20.00 per 20 shares of preferred stock which
convert to one share of common stock) and automatically converts into Common Stock at $1.00 per share ($20.00 per 20 shares of preferred
stock which convert to one share of common stock) in the event that the Company’s common stock has a closing price of $30 per share
for 20 consecutive trading days.

COMMON
STOCK

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.

In
December 2015, our Board of Directors approved the OMNIQ’s Employee Stock Purchase Plan (the “ESPP”). For the years
ending December 31, 2023 and 2022, employees purchased 14,838 ($31 thousand) shares and 7,025 ($37 thousand) shares of commons stock.

On
October 5, 2023, OmniQ Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”)
with ThinkEquity LLC, as representatives (the “Representatives”) of the several under