LEGAL PROCEEDINGS
−Removed: The Company was named a defendant in a case involving
−Removed: a former employee who claims he is owed approximately $60 thousand in unpaid commissions.
+Added: Company was named a defendant in a case involving a former employee who claims he is owed approximately $60 thousand in unpaid commissions.
This case was settled in February 2024.
−Removed: On November 3, 2024 a commercial real estate
−Removed: company filed a lawsuit against Dangot Computers, OmniQ Technologies and some of Dangot’s officers alleging breach of a letter of
−Removed: intent for a lease arrangement.
+Added: November 3, 2024 a commercial real estate company filed a lawsuit against Dangot Computers, OmniQ Technologies and some of Dangot’s
+Added: officers alleging breach of a letter of intent for a lease arrangement.
The claims were brought in an Israeli court.
−Removed: The initial claim against Dangot Computers is NIS 21 million
−Removed: approximately US $5.6 million.
−Removed: The Company believes that it has meritorious defenses to such action and intends to vigorously defend
+Added: The initial claim
+Added: against Dangot Computers is NIS 21 million approximately US $5.6 million.
+Added: The Company believes that it has meritorious defenses to such
+Added: action and intends to vigorously defend itself.
At this early stage, it is not possible to fully assess the chances of a lawsuit.
−Removed: In March 2025, the Company
−Removed: was named a defendant in a case involving a consultant who was terminated and who claims he is owed approximately $389 thousand in
−Removed: unpaid fees and commissions.
−Removed: The Company believes it has multiple defense and cross claims against the former consultant and is
−Removed: evaluating its response to the lawsuit, but plans to vigorously defend the suit.
−Removed: Not applicable.
−Removed: UNREGISTERED SALES OF EQUITY SECURITIES
−Removed: AND USE OF PROCEEDS.
+Added: March 2025, the Company was named a defendant in a case involving a consultant who was terminated and who claims he is owed approximately
+Added: $389 thousand in unpaid fees and commissions.
+Added: The Company believes it has multiple defense and cross claims against the former consultant
+Added: and is evaluating its response to the lawsuit, but plans to vigorously defend the suit.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
DEFAULTS UPON SENIOR SECURITIES.
MINE SAFETY DISCLOSURES
−Removed: Not applicable.
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.