---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-035752"
form_type: "8-K"
ticker: "OMQS"
cik: "0000278165"
company_name: "OMNIQ Corp."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:20:12.160124+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OMNIQ terminates $15.25M acquisition of Tadiran Telecom due to unmet conditions

## Summary
- Mutual termination of the definitive agreement on October 4, 2023; no cash payment of $12.5M nor stock issuance of $2.75M.
- Parties granted mutual release of claims and will continue discussions on potential business collaboration.
- Original deal announced July 10, 2023, with a 60-day closing period that expired without conditions being satisfied.

## SEC filing metadata
- accession: 0001493152-23-035752
- form_type: 8-K
- ticker: OMQS
- cik: 0000278165
- company_name: OMNIQ Corp.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278165/000149315223035752/0001493152-23-035752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278165/000149315223035752/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-035752
- JSON: https://secwatch.observer/filing/0001493152-23-035752.json
- Plain text: https://secwatch.observer/filing/0001493152-23-035752.txt

## Key facts
- Material Agreements
  OMNIQ Corp. terminated Share and Rights Purchase Agreement with Afcon Holdings Ltd. and Ateka Ltd. (effective 2023-10-04).
  - Action: termination
  - Agreement: asset purchase
  - Counterparty: Afcon Holdings Ltd. and Ateka Ltd.
  - Effective: 2023-10-04
  source text: (the “Company”) entered into a Share and Rights Purchase Agreement (the Agreement”) with Afcon Holdings Ltd . , (“Afcon”), a company organized under the laws
  evidence_url: https://www.sec.gov/Archives/edgar/data/278165/000149315223035752/0001493152-23-035752-index.htm

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