OMNIQ Corp. Announces Pricing of Public Offering
05 Outubro 2023 - 9:30PM
OmniQ Corp. (Nasdaq: OMQS), (“OMNIQ Corp.” or the “Company”), a
provider of Artificial Intelligence (AI)-based solutions, today
announced the pricing of its underwritten public offering of an
aggregate of 3,000,000 shares of its common stock (or pre-funded
warrants (“Pre-Funded Warrants”) in lieu thereof). Each share of
common stock (or Pre-Funded Warrant) is being sold at a public
offering price of $1.00 per share (inclusive of the Pre-Funded
Warrant exercise price). All of the shares and Pre-Funded Warrants
in the offering are being sold by the Company. Total gross proceeds
from the offering, before deducting underwriting discounts and
commissions and other offering expenses, are expected to be
approximately $3,000,000. In addition, the Company has granted the
underwriters a 45-day option to purchase up to an additional
450,000 shares of its common stock and/or Pre-Funded Warrants at
the public offering price less discounts and commissions, to cover
over-allotments. The offering is expected to close on October 11,
2023, subject to satisfaction of customary closing conditions.
The Company intends to use the net proceeds from
the offering primarily for working capital and general corporate
purposes.
ThinkEquity is acting as sole book-running
manager for the offering.
The securities will be offered and sold pursuant
to a shelf registration statement on Form S-3 (File No.
333-272877), including a base prospectus, filed with the U.S.
Securities and Exchange Commission (the “SEC”) on June 6, 2023 and
declared effective on July 5, 2023. The offering will be made only
by means of a written prospectus. A prospectus supplement and
accompanying prospectus describing the terms of the offering will
be filed with the SEC on its website at www.sec.gov. Copies of the
prospectus supplement and the accompanying prospectus relating to
the offering may also be obtained, when available, from the offices
of ThinkEquity, 17 State Street, 41st Floor, New York, New York
10004.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About OmniQ Corp.:OMNIQ Corp.
provides computerized and machine vision image processing solutions
that use patented and proprietary AI technology to deliver data
collection, real-time surveillance and monitoring for supply chain
management, homeland security, public safety, traffic & parking
management, and access control applications. The technology and
services provided by the Company help clients move people, assets,
and data safely and securely through airports, warehouses, schools,
national borders, and many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune
500 companies from several sectors, including manufacturing,
retail, distribution, food and beverage, transportation and
logistics, healthcare, oil, gas, and chemicals. The Company
currently addresses several billion-dollar markets, including the
Global Safe City market, forecast to grow to $67.1 billion by 2028,
and the Ticketless Safe Parking market, forecast to grow to $33.5
billion by 2032 and the fast casual restaurant sector expected to
reach $209 billion by 2027.
For more information please
visit www.omniq.com.
Forward Looking
Statements:“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. Statements in this press
release relating to plans, strategies, economic performance and
trends, projections of results of specific activities or
investments, and other statements that are not descriptions of
historical facts may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934.
This release contains “forward-looking
statements” that include information relating to future events and
future financial and operating performance. The words “anticipate”,
“may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,”
“potential” and similar expressions and variations thereof are
intended to identify forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by, which that performance or those results will be
achieved. Forward-looking statements are based on information
available at the time they are made and/or management’s good faith
belief as of that time with respect to future events and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Examples of
forward-looking statements include, among others, statements made
in this press release regarding the closing of the public offering
and the use of proceeds received in the public offering. Important
factors that could cause these differences include, but are not
limited to: fluctuations in demand for the Company’s products
particularly during the current health crisis, the introduction of
new products, the Company’s ability to maintain customer and
strategic business relationships, the impact of competitive
products and pricing, growth in targeted markets, the adequacy of
the Company’s liquidity and financial strength to support its
growth, the Company’s ability to manage credit and debt structures
from vendors, debt holders and secured lenders, the Company’s
ability to successfully integrate its acquisitions, and other
information that may be detailed from time-to-time in OMNIQ Corp.’s
filings with the United States Securities and Exchange Commission.
Examples of such forward looking statements in this release
include, among others, statements regarding revenue growth, driving
sales, operational and financial initiatives, cost reduction and
profitability, and simplification of operations. For a more
detailed description of the risk factors and uncertainties
affecting OMNIQ Corp., please refer to the Company’s recent
Securities and Exchange Commission filings, which are available
at https://www.sec.gov. OMNIQ Corp. undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
unless otherwise required by law.
Investor
Relations:IR@omniq.com
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