Omnitek Sells Legacy Diesel-Conversion Assets to Omnitek Corp. for $107K; Funk Forgives $632K Debt
OMTK has more than doubled off its 52-week low of $0.01.
Summary
Omnitek sold its legacy diesel-engine conversion assets to Omnitek Corp. for $107K, with Werner Funk forgiving $632K in back salary and debt. The Company now operates solely in ready-mix concrete.
Key Events · M&A and Partnerships · OMTK
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Legacy Business Sold for $107K
Omnitek sold substantially all assets of its diesel-engine conversion business to Omnitek Corp. for $107,217, paid by offsetting a $632,273 working capital note owed to Werner Funk.
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Funk Forgives $632K Debt
Werner Funk terminated his employment agreement and forgave $632,273 in back salary and all debts owed by the Company to him.
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Business Transition Complete
The Company has transitioned its business to ready-mix operations in North Carolina, following the reverse merger with Hard Rock Ready Mix.
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Leadership Structure Finalized
Kevin Jay Hayes Jr. serves as President, CEO, CFO, and Secretary; Werner Funk is VP; five directors are listed including Hayes, Funk, Brett Kiker, Gary S. Maier, and John M. Palumbo.
Analysis · OMTK · Manufacturing
Omnitek Engineering completed the sale of substantially all of its legacy diesel-engine conversion business to Omnitek Corp., a newly formed entity controlled by Werner Funk, for $107,217 — paid by offsetting a $632,273 working capital note owed to Funk. Funk also terminated his employment agreement and forgave $632,273 in back salary and all debts owed by the Company. This completes the Company's pivot away from its historical business and into ready-mix concrete operations in North Carolina, following the reverse merger with Hard Rock Ready Mix disclosed three days earlier. The transaction removes a significant liability from the balance sheet and finalizes the leadership structure under Kevin Jay Hayes Jr.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OMTK was trading at $0.04 on OTC in the Manufacturing sector, with a market capitalization of approximately $768.2K. The 52-week trading range was $0.01 to $0.06. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.