OMNIQ Corp. plans stock offering

OMNIQ Corp., a Salt Lake City-based AI platform that offers solutions including vision image processing, data collection and real-time surveillance for sectors such as energy and retail, has announced plans for a public sale of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the company.

San Francisco investment banking firm ThinkEquity is acting as sole book-running manager for the offering.

OMNIQ intends to use the net proceeds from the offering primarily for working capital and general corporate purposes, the company announcement said.