Viewbix Signs Definitive Agreement to Acquire Quantum X Labs- A Hub for Quantum Algorithms, Navigation and Atomic Clocks

Core Viewpoint - Viewbix Inc. has entered into a definitive share purchase agreement to acquire up to 100% and not less than 85% of Quantum X Labs Ltd.'s share capital, which includes Quantum's proprietary intellectual property portfolio and innovative patents related to AI-Quantum Error Correction [1][3]. Group 1: Acquisition Details - The acquisition will include Quantum's four portfolio companies, each focusing on different quantum segments such as transportation, drug discovery, and security [2]. - Quantum's intellectual property includes a patent for quantum error correction, which can reduce computational overhead by up to 50% compared to traditional methods, thus supporting scalable fault-tolerant quantum computing [3]. - The completion of the acquisition is expected within 90 calendar days, subject to final due diligence, regulatory approvals, and the approval of Viewbix's stockholders [5]. Group 2: Financial Considerations - At closing, Viewbix will issue shares of its common stock and pre-funded warrants representing up to approximately 40% of the Company's issued and outstanding capital stock as of the date of the Definitive Agreement [9]. - Additional consideration of up to approximately 25% of the Company's issued and outstanding capital stock may be issued upon Quantum achieving certain milestones post-closing [9]. Group 3: Company Background - Viewbix operates in the field of digital advertising through subsidiaries Gix Media Ltd. and Metagramm Software Ltd., focusing on automation and optimization of internet campaigns and grammatical error correction software [7].