OmniQ acquires CodeBlocks Ltd for ~$1.28M in seven installments

OMNIQ Corp.

Acquired CodeBlocks Ltd, a fintech software developer, for NIS 4,666,664 (~$1,275,044).
Consideration payable in seven equal installments; final payment due Jan 11, 2025. Closed Feb 1, 2024.
CodeBlocks has over 80,000 deployments and over 25,000 payment devices; to replace existing licensed software.
Acquisition expands omniQ's fintech presence in self-service kiosks, POS, and credit card payment systems.

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 Share Purchase Agreement with Alina Lifshits and Erez Attia valued at NIS 4,666,664 (approximately US $ 1,275,044 (effective 2024-01-30).

Action: entry
Agreement: asset purchase
Counterparty: Alina Lifshits and Erez Attia
Value: NIS 4,666,664 (approximately US $ 1,275,044
Effective: 2024-01-30

Exact text from the filing

On January 30, 2024, Omniq Corp. (the “Company’), its wholly owned subsidiary, Dangot Computers Ltd. (“Dangot”), CodeBlocks Ltd. (CodeBlocks”). and CodeBlock’s owners, Alina Lifshits and Erez Attia entered into a Share Purchase Agreement (the “Purchase Agreement”) pursuant to which Dangot, acquired all of the capital stock of CodeBlocks in exchange for NIS 4,666,664 (approximately US $ 1,275,044 based on today’s exchange rate).

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OMNIQ Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-004894

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