Description of Common Stock of OMNIQ Corp.
OMNIQ Corp. is authorized to issue up to 15,000,000 shares of common stock and several series of preferred stock. As of March 10, 2023, there are 7,882,628 shares of common stock outstanding. Holders of common stock have one vote per share, share equally in dividends if declared, and are entitled to a proportional share of assets upon liquidation. The common stock does not have preemptive, subscription, redemption, or conversion rights. The rights of common stockholders may be affected by future issuances of preferred stock. The stock trades under the symbol “OMQS”.
Exhibit 4.2
Description of Securities
We are authorized to issue up to 15,000,000 shares of common stock, $0.001 per share. We have designated 2,000,000 shares of preferred stock as Series A Preferred Stock, one share of preferred stock as Series B Preferred Stock and 3,000,000 shares of preferred stock as Series C Preferred Stock.
As of March 10, 2023, we have 7,882,628 shares of common stock outstanding. The following description of our common stock is a summary and is subject to and is qualified in its entirety by reference to our Amended and Restated Certificate of Incorporation which is incorporated by reference to Exhibit 3.1 to our Annual Report on Form 10-k for the year ended December 31, 2022.
Common Stock
The holders of common stock are entitled to one vote per share. Our Certificate of Incorporation does not expressly prohibit cumulative voting. The holders of our common stock are entitled to share ratably such dividends, if any, as may be declared by the Board of Directors out of legally available funds. Upon liquidation, dissolution or winding- up, the holders of our common stock are entitled to share ratably in all assets that are legally available for distribution. All outstanding shares of common stock are fully paid and non- assessable. The holders of our common stock have no preemptive, subscription, redemption or conversion rights. The rights, preferences and privileges of holders of our common stock are subject to, and may be adversely affected by, the rights of holders of any series of preferred stock, which may be designated solely by action of the Board of Directors and issued in the future.
Our common stock is quoted under the symbol “OMQS”.
