Viewbix Announces Closing of $4.5 Million Private Placement

Core Viewpoint - Viewbix Inc. has successfully closed a private placement transaction, raising approximately $4.5 million through the sale of common stock and warrants, aimed at exploring new business opportunities and investments in various sectors [1][2][4]. Group 1: Private Placement Details - The private placement involved the issuance of approximately 925,923 units, with common units priced at $4.86 each and pre-funded units sold at a similar price minus a minimal exercise price [3]. - Each unit consists of one share of common stock and one common warrant, with an exercise price of $4.74 per share, and the common warrants have a term of 5.5 years [3]. - The closing of the private placement occurred on July 14, 2025, with gross proceeds of around $4.5 million before fees and expenses [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes and working capital, in conjunction with existing cash [4]. Group 3: Company Overview - Viewbix operates in the digital advertising sector through subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search technology and digital content creation [7]. - The company develops software solutions for automating and optimizing internet campaigns, aiming to enhance revenue generation for advertisers [7].