OMNIQ closes $3M public offering of common stock and pre-funded warrants

OMNIQ Corp.

Issued 2,775,000 shares at $1.00 and pre-funded warrants for 225,000 shares at $0.999.
Gross proceeds approximately $3.0M; closing occurred on October 11, 2023.
Underwriters have a 45-day option to purchase up to 450,000 additional shares for over-allotments.
Net proceeds will be used for working capital and general corporate purposes.
Representative warrants issued to purchase 140,000 shares at $1.25 per share.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OMNIQ Corp. entered into Underwriting Agreement with ThinkEquity LLC valued at gross proceeds from the Offering are expected to be approximately $3.0 million (effective 2023-10-05).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Value: gross proceeds from the Offering are expected to be approximately $3.0 million
Effective: 2023-10-05

Exact text from the filing

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 underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale (the “Offering”) of 2,775,000 shares of the 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.

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

OMNIQ Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-036944

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.