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OMNIQ Corp Sells Legacy Business Unit to Strengthen Balance Sheet and Continue Focus on High-Growth AI & Automation Sectors
GlobeNewswire· 2025-07-17 04:40
SALT LAKE CITY, July 16, 2025 (GLOBE NEWSWIRE) -- OMNIQ Corp (OTCMKTS: OMQS.OB) (“OMNIQ” or “the Company”) today announced it has completed the sale of a portion of its U.S.-based legacy assets to Summit Junction Holdings LLC, a private company, marking a major milestone in its strategic transformation. The transaction eliminates approximately 63% of the Company’s debt, thus reinforcing omniQ’s balance sheet and positioning the Company for growth. This transaction is part of OMNIQ’s ongoing initiative to st ...