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Viewbix Refines Proposed Quantum X Labs Acquisition Terms – Reduces Initial Equity to 40%
Globenewswire· 2025-11-14 12:07
Core Viewpoint - Viewbix Inc. has signed an updated non-binding term sheet with Quantum X Labs, refining the terms of a strategic acquisition that includes performance-based earn-outs potentially reaching up to 65% of the company's issued and outstanding capital stock [1][3]. Group 1: Acquisition Terms - The revised terms reduce Viewbix's initial equity issuance to 40% of its post-closing issued and outstanding capital stock, which includes a PIPE financing of $3 million [2]. - Additional shares may be issued based on performance milestones, with a maximum of 65% of the company's capital stock being allocated for this purpose [3][7]. - The completion of the acquisition is contingent upon final due diligence, execution of definitive agreements, regulatory approvals, and stockholder approval [3][4]. Group 2: Company Strategy and Positioning - The CEO of Viewbix emphasized that the refined structure aligns incentives with performance and enhances shareholder value while leveraging Quantum's technology [4]. - Viewbix is advancing its transformation strategy, having recently divested Cortex Media Group and secured $3 million in financing, expected to close in December 2025 [4]. Group 3: Company Overview - Viewbix operates in digital advertising through subsidiaries Gix Media Ltd. and Metagramm Software Ltd., focusing on automation and optimization of internet campaigns and grammatical error correction software [5].
Viewbix Sells Cortex Media to Content and Tech Powerhouse Minute Media – Unlocking Value for Quantum Future
Globenewswire· 2025-11-12 21:03
Core Insights - Viewbix Inc. has completed the strategic sale of its major digital content subsidiary, Cortex Media Group Ltd., to Pro Sportority, a subsidiary of Minute Media Inc., which specializes in sports content and technology [1][2] - This sale aligns with Viewbix's strategy to expand beyond its legacy digital advertising operations and focus on high-growth sectors, particularly in quantum computing and advanced computational technologies [2] Company Overview - Viewbix operates in the digital advertising field through subsidiaries Gix Media Ltd. and Metagramm Software Ltd., providing technological solutions for internet campaign automation, optimization, and monetization [4] - Gix Media focuses on acquiring and routing internet user traffic, while Metagramm develops AI-driven grammatical error correction software [4] - Viewbix's tools enhance profitability for advertisers and website owners by optimizing advertising campaigns [5] Transaction Details - Further details regarding the sale of Cortex will be disclosed in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission [3]
Viewbix Announces $3 million Private Placement at Premium to Market Price
Globenewswire· 2025-11-05 13:07
Core View - Viewbix Inc. has entered into definitive agreements for the purchase and sale of approximately $3.0 million shares of common stock and pre-funded warrants, priced at a premium to the closing price on November 4, 2025 [1][5] Group 1: Transaction Details - The company will issue an aggregate of 800,000 units and pre-funded units, with common units priced at $3.75 per unit and pre-funded units priced similarly minus the pre-funded warrant exercise price of $0.0001 [3] - Each unit consists of one share of common stock and one common warrant exercisable at $5.625 per share, with a term of 5 years from issuance [3] - The closing of the private placement is expected in December 2025, subject to customary closing conditions and stockholder approval [4] Group 2: Use of Proceeds - Aggregate gross proceeds are expected to be approximately $3.0 million before deducting fees and expenses, with net proceeds intended for general corporate purposes, working capital, and debt repayment [5] 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 [8] - The company develops technological software solutions for automating, optimizing, and monetizing internet campaigns, aimed at acquiring and routing user traffic [8]
Viewbix Intends to Acquire Innovative Quantum Computing Technologies Company, Quantum X Labs
Globenewswire· 2025-11-05 12:55
Core Viewpoint - Viewbix Inc. has signed a non-binding term sheet for the acquisition of Quantum X Labs Ltd., which will significantly enhance its capabilities in quantum computing and AI technologies [1][2]. Company Overview - Viewbix operates in the digital advertising sector through subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search and digital content activities [5]. - The company develops technological software solutions for automating, optimizing, and monetizing internet campaigns, aiming to drive user traffic to its clients [5]. Acquisition Details - The acquisition will involve Viewbix acquiring 100% of Quantum X Labs' issued and outstanding share capital in exchange for shares of Viewbix's common stock and pre-funded warrants [2]. - The securities issued to Quantum X Labs' shareholders will represent 65% of Viewbix's total post-closing issued and outstanding share capital, which includes a concurrent PIPE financing of $3 million [2]. - The closing of the acquisition is anticipated in December 2025, pending due diligence, definitive agreements, regulatory approvals, and stockholder approval [4]. Quantum X Labs Profile - Quantum X Labs is a leading company in quantum computing and AI, focusing on quantum algorithmics and quantum physics [3]. - The company is recognized for its commitment to creating and retaining quantum innovations across various industries, supported by a diverse ecosystem of subsidiaries developing unique, patent-protected solutions [3].
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]