LEGAL PROCEEDINGS
−Removed: Company was named a defendant in a case involving a former employee who claims he is owed approximately $60 thousand in unpaid commissions.
−Removed: This case was settled in February 2024.
−Removed: November 3, 2024 a commercial real estate company filed a lawsuit against Dangot Computers, OmniQ Technologies and some of Dangot’s
−Removed: officers alleging breach of a letter of intent for a lease arrangement.
−Removed: The claims were brought in an Israeli court.
−Removed: The initial claim
−Removed: against Dangot Computers is NIS 21 million approximately US $5.6 million.
−Removed: The Company believes that it has meritorious defenses to such
−Removed: action and intends to vigorously defend itself.
−Removed: At this early stage, it is not possible to fully assess the chances of a lawsuit.
−Removed: March 2025, the Company was named a defendant in a case involving a consultant who was terminated and who claims he is owed approximately
−Removed: $389 thousand in unpaid fees and commissions.
−Removed: The Company believes it has multiple defense and cross claims against the former consultant
−Removed: and is evaluating its response to the lawsuit, but plans to vigorously defend the suit.
+Added: On June 30, 2025, the Company’s subsidiary Dangot Computers reached a settlement with one of its vendors in Israel related to past
+Added: due rebates and price protection payments entitled under prior agreements.
+Added: The vendor agreed to pay Dangot Computers, approximately USD$1.2
+Added: million over a 12 month period, based on certain milestones related to additional purchases.
+Added: These payments are being treated as reduction
+Added: in Cost of Goods sold upon receipt from the Vendor.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.