---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024085"
form_type: "8-K"
ticker: "OMQS"
cik: "0000278165"
company_name: "OMNIQ Corp."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:46:03.527728+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OmniQ acquires Tadiran Telecom for $15.25M; Tadiran had $26M revenue in FY2022

## Summary
- Total consideration $15.25M: $12.5M cash funded by debt + $2.75M in restricted common stock.
- Potential earnout of up to $0.75M in stock if Tadiran's EBITA positive within 24 months post-close.
- Tadiran's FY2022 revenue was $26M with $1.7M operating profit; includes significant recurring revenue.
- Acquisition expected to close within 60 days, subject to Israeli Competition Commission and union approvals.
- Strategic: enhances OmniQ's UC&C offerings and Safe City product Q-Shield, targeting recurring revenue growth.

## SEC filing metadata
- accession: 0001493152-23-024085
- form_type: 8-K
- ticker: OMQS
- cik: 0000278165
- company_name: OMNIQ Corp.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278165/000149315223024085/0001493152-23-024085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278165/000149315223024085/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024085
- JSON: https://secwatch.observer/filing/0001493152-23-024085.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024085.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/278165/000149315223024085/0001493152-23-024085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.