---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-003610"
form_type: "8-K"
ticker: "OMQS"
cik: "0000278165"
company_name: "OMNIQ Corp."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:31:59.286106+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OMNIQ subsidiary signs $7.5M receivables factoring deal with Prestige Capital

## Summary
- Quest Marketing sells receivables at 80% advance; max outstanding $7.5M.
- Discount fee: 1.50% if paid within 30 days, plus 0.50% per 10-day period up to 90 days.
- Full recourse on Seller; CEO Shai Lustgarten personally guarantees warranties.
- Prestige gets security interest in Quest's accounts, inventory, and equipment.
- Facility fee of 1% of max advance due at closing and renewal.

## SEC filing metadata
- accession: 0001493152-24-003610
- form_type: 8-K
- ticker: OMQS
- cik: 0000278165
- company_name: OMNIQ Corp.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278165/000149315224003610/0001493152-24-003610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278165/000149315224003610/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-003610
- JSON: https://secwatch.observer/filing/0001493152-24-003610.json
- Plain text: https://secwatch.observer/filing/0001493152-24-003610.txt

## Key facts
- Debt Financings
  OMNIQ Corp. incurred debt of $7,500,000 with Prestige Capital Finance, LLC at If paid within 30 days a discount fee of 1.50% plus an additional .50% for each.
  - Principal: $7,500,000
  - Counterparty: Prestige Capital Finance, LLC
  - Rate: If paid within 30 days a discount fee of 1.50% plus an additional .50% for each
  - Event: incurrence
  source text: (“Quest”) with Prestige Capital Finance, LLC (“Prestige”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) in which Quest has sold, transferred and assigned all
  evidence_url: https://www.sec.gov/Archives/edgar/data/278165/000149315224003610/0001493152-24-003610-index.htm
- Material Agreements
  OMNIQ Corp. entered into Purchase and Sale Agreement with Prestige Capital Finance, LLC valued at $7,500,000 (effective 2024-01-18).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Prestige Capital Finance, LLC
  - Value: $7,500,000
  - Effective: 2024-01-18
  source text: On January 18, 2024, Omniq Corp’s (the “Company’) wholly owned subsidiary, Quest Marketing, Inc. (“Quest”) with Prestige Capital Finance, LLC (“Prestige”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/278165/000149315224003610/0001493152-24-003610-index.htm

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