Viewbix Inc. Receives Stockholder Approval for Acquisition of Quantum X Labs– A Hub for Quantum Algorithms, Navigation and Atomic Clocks

Core Viewpoint - Viewbix Inc. has received stockholder approval for the acquisition of Quantum X Labs Ltd., which focuses on quantum technology and AI-Quantum Error Correction [1][5] Acquisition Details - The acquisition involves Viewbix acquiring between 85% and 100% of Quantum's issued and outstanding share capital on a fully diluted basis [2] - At closing, Viewbix will issue common stock and pre-funded warrants representing approximately 40% of its capital stock, including 800,000 shares in a related private placement, with potential additional consideration of up to 12,702,847 shares upon achieving specified post-closing milestones [4] Quantum's Operations - Quantum operates portfolio companies that develop solutions in quantum-based navigation, next-generation atomic clocks, quantum algorithms for various sectors, and advanced quantum error correction technologies [3] Closing Conditions - The transaction is subject to remaining closing conditions, including final due diligence and regulatory approvals, with expectations for the acquisition to close in the coming weeks [5]