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Viewbix is Set to Explore New Opportunities Following Successful Uplist to Nasdaq and Private Placement for Aggregate Gross Proceeds of Approximately $4.5 million
Globenewswire· 2025-07-16 11:55
Group 1 - Viewbix Inc. has closed a private placement for approximately $4.5 million, involving strategic institutional investors [1] - The company completed an uplisting of its shares on the Nasdaq Capital Market on June 5, 2025 [1] - Following the transaction, Viewbix plans to explore new business opportunities and investments in various sectors [2] Group 2 - Viewbix operates in digital advertising through subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search and digital content [3] - The search segment develops software solutions for automation, optimization, and monetization of internet campaigns [3] - The digital content segment creates and edits content in multiple languages to generate revenue from major advertising platforms like Google, Facebook, Yahoo, and Apple [3] - Viewbix's technological tools enhance earnings for advertisers and website owners from their advertising campaigns [3]
Viewbix Announces Closing of $4.5 Million Private Placement
Globenewswire· 2025-07-14 19:58
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].
Viewbix Announces Pricing of $4.5 Million Private Placement Priced At-The-Market under Nasdaq Rules
Globenewswire· 2025-07-11 13:05
Core Viewpoint - Viewbix Inc. has entered into agreements for the sale of approximately $4.5 million shares of common stock and pre-funded warrants, aiming to explore new business opportunities and investments in various sectors [1][2][4]. Group 1: Transaction Details - The company will issue a total of 925,923 units, with common units priced at $4.86 each and pre-funded units priced similarly, minus a pre-funded warrant exercise price of $0.0001 [3]. - Each unit consists of one share of common stock and one common warrant, with an exercise price of $4.74 per share, valid for 5.5 years from issuance [3]. - The closing of the private placement is expected around July 14, 2025, pending customary closing conditions, with gross proceeds anticipated to be approximately $4.5 million before fees and expenses [4]. Group 2: Use of Proceeds - The net proceeds from the offering, along with existing cash, will be utilized for general corporate purposes and working capital [4]. Group 3: Company Overview - Viewbix operates in digital advertising through subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search and digital content [7]. - The search segment develops software solutions for automating, optimizing, and monetizing internet campaigns, while the digital content segment creates and edits content for various target audiences to generate revenue from major advertising platforms [7].
Viewbix Announces Uplist to Nasdaq
Globenewswire· 2025-06-04 20:15
Core View - Viewbix Inc. has received approval for its shares to be listed on the Nasdaq Capital Market, with trading expected to commence on or about June 5, 2025 under the symbol "VBIX" [1][2][3] Company Overview - Viewbix operates in the digital advertising sector through its subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search and digital content [4] - The company develops technological software solutions for automating, optimizing, and monetizing internet campaigns, aimed at acquiring and routing user traffic to clients [4] - Viewbix also creates and edits content in various languages to generate revenue from major advertising platforms like Google, Facebook, Yahoo, and Apple [4] Strategic Implications - The Nasdaq listing is viewed as a significant milestone for Viewbix, expected to enhance the company's visibility and accelerate its growth trajectory in one of the largest capital markets globally [3]