Viewbix Completes Strategic Acquisition of Quantum X Labs – Securing Advanced Quantum Portfolio

Core Viewpoint - Viewbix Inc. has successfully acquired Quantum X Labs Ltd., enhancing its capabilities in quantum technology and intellectual property, particularly in AI-Quantum Error Correction [1][2]. Acquisition Details - The acquisition includes Quantum's proprietary intellectual property portfolio, which features a patent for AI-Quantum Error Correction and technologies in quantum navigation, atomic clocks, and quantum algorithms for various sectors [1][2]. - Viewbix issued common stock and pre-funded warrants representing approximately 40% of its capital stock as of the Agreement Date, with potential additional consideration of up to 12,702,847 shares upon achieving specified post-closing milestones [3]. Financial Aspects - Viewbix closed a private placement of approximately $1.4 million shares of common stock and warrants to purchase common stock [4][6]. - The private placement included the issuance of 800,000 shares at a price of $1.75 per share and 640,000 common warrants, each exercisable for one share at an exercise price of $2.625 per share [5][6]. Company Background - Viewbix operates in the digital advertising sector through subsidiaries Gix Media Ltd. and Metagramm Software Ltd., focusing on technological solutions for internet campaign automation and grammatical error correction software [9].