OMNIQ sells legacy business assets to Summit Junction Holdings for $45M; to focus on AI/automation

OMNIQ Corp.

Aggregate consideration of ~$45M includes assumption of up to $55M liabilities and $10M promissory note; contingent payment of up to $10M possible.
Transaction eliminates ~63% of company's total pre-sale debt; expected accounting gain of ~$35M in FY2025.
CEO Shai Lustgarten's affiliate is principal member of buyer; CEO converted $31,500 payables into 450k shares at $0.07.
Remaining business units (AI/automation) generated ~$38.5M of 2024 consolidated revenue on a pro forma basis.

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