Viewbix closes $4.5 million private placement with strategic investors

TEL AVIV - Viewbix Inc. (NASDAQ:VBIX), currently trading at $5.02 and showing strong momentum with a nearly 10% gain over the past week, announced today the completion of its previously disclosed private placement, raising approximately $4.5 million from strategic institutional investors. According to InvestingPro analysis, the company appears slightly undervalued at current levels.

The ad-tech company sold an aggregate of 925,923 units and pre-funded units in the transaction, which was priced at-the-market under Nasdaq rules. Common units were sold at $4.86 each, while pre-funded units were offered at the same price less the $0.0001 exercise price of the pre-funded warrant.

Each common unit consists of one share of common stock and one common warrant exercisable for one share at $4.74, while pre-funded units include one pre-funded warrant and one common warrant with the same exercise terms. The common warrants have a 5.5-year term from issuance, while pre-funded warrants remain exercisable until fully exercised.

Viewbix plans to use the net proceeds for general corporate purposes and working capital, according to the company’s statement. The firm also intends to continue its previously announced process to identify potential new business opportunities in various sectors.

Aegis Capital Corp. served as the exclusive placement agent for the private placement.

The securities were offered only to accredited investors in a private placement exempt from Securities Act registration requirements. Viewbix has agreed to file registration statements with the SEC covering the resale of the shares and warrants.

Viewbix operates in digital advertising through its subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search automation and digital content creation to generate revenue from major advertising platforms. InvestingPro data reveals the company faces operational challenges with an 18% gross profit margin and current liquidity constraints, though it maintains moderate debt levels. InvestingPro subscribers have access to over 8 additional key insights about VBIX’s financial health and market position.

The information in this article is based on a company press release statement.

In other recent news, Viewbix Inc. has announced a $4.5 million private placement of common stock and pre-funded warrants with strategic institutional investors. The transaction, priced at-the-market under Nasdaq rules, involves the issuance of 925,923 units and pre-funded units, with common units sold at $4.86 each. The private placement is expected to close around July 14, 2025, with Aegis Capital Corp. serving as the exclusive placement agent. Viewbix plans to use the proceeds for general corporate purposes and working capital while exploring new business opportunities and investments. Additionally, Viewbix has been approved for listing on the Nasdaq Capital Market and will begin trading under the ticker "VBIX." Xylo Technologies Ltd., which holds a significant stake in Viewbix through Gix Internet Ltd., expressed confidence in Viewbix’s growth potential with this uplisting. The Nasdaq listing is seen as a significant milestone for Viewbix, providing access to one of the world’s leading capital markets.

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