secwatch.observer — SEC 8-K summary
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Issuer:     OMNIQ Corp. (OMQS)
CIK:        0000278165
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001493152-24-003610
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278165/000149315224003610/0001493152-24-003610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278165/000149315224003610/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-003610

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