Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
OMNIQ Corp. entered into Share and Rights Purchase Agreement with Afcon Holdings Ltd. and Ateka Ltd. valued at $15.25 million total consideration: $12,500,000 cash and $2,750,000 in common stock; plus potential (effective 2023-07-06).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Afcon Holdings Ltd. and Ateka Ltd.
- Value
- $15.25 million total consideration: $12,500,000 cash and $2,750,000 in common stock; plus potential
- Effective
- 2023-07-06
Exact text from the filing
On July 6, 2023, OmniQ Corp. (the “Company”) entered into a Share and Rights Purchase Agreement (the Agreement”) with Afcon Holdings Ltd . , (“ Afcon ”), a company organized under the laws of the State of Israel, and Ateka Ltd. (“ Ateka ”), a company organized under the laws of the State of Israel (Afcon and Ateka, jointly and severally, shall be referred to together as the “ Sellers ”) (OminQ and its newly formed wholly owned subsidiary which shall be alternatively referred to together as the “Company” or the “Purchaser”), and Tadiran Telecom Communication Services in Israel Ltd. (“TBSI”), a company organized under the laws of the State of Israel, Tadiran Telecom Communication Services in Israel L.P. (“TBSI LP”), a limited partnership organized under the laws of the State of Israel, Tadiran Telecom Technologies (2011) Ltd. (“TTT”), a company organized under the laws of the State of Israel, Tadiran Telecom (TTL) L.P. (“TTL LP”) a limited partnership organized under the laws of the Stat
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