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TEL AVIV - Viewbix Inc. (NASDAQ:VBIX), a digital advertising company with a market capitalization of $32.64 million and an impressive 2,573% return over the past year, announced Friday it has entered into definitive agreements with strategic institutional investors for a $4.5 million private placement of common stock and pre-funded warrants.
The transaction, priced at-the-market under Nasdaq rules, includes the issuance of 925,923 units and pre-funded units. Common units will be sold at $4.86 each, while pre-funded units will be priced at the same amount less the $0.0001 warrant exercise price. According to InvestingPro data, the company currently operates with a current ratio of 0.42, indicating potential liquidity challenges that this funding could help address.
Each common unit consists of one share of common stock and one common warrant exercisable at $4.74 per share. The common warrants will be exercisable upon issuance with a 5.5-year term, while pre-funded warrants may be exercised at any time until fully exercised.
The private placement is expected to close around July 14, 2025, subject to customary closing conditions. Aegis Capital Corp. is serving as the exclusive placement agent for the transaction.
Viewbix intends to use the net proceeds for general corporate purposes and working capital. The company also plans to continue its previously announced process to explore potential new business opportunities and investments in various sectors.
The securities are being sold in a private placement exempt from Securities Act registration requirements and will be offered only to accredited investors. Viewbix has agreed to file registration statements with the SEC covering the resale of the shares.
Viewbix operates in digital advertising through its subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search automation and digital content creation. The company generated revenues of $19.67 million in the last twelve months, though InvestingPro analysis reveals a modest gross profit margin of 18.18%. InvestingPro subscribers can access 8 additional key insights about Viewbix’s financial health and market performance.
This announcement is based on a company press release statement.
In other recent news, Viewbix Inc. has been approved for listing on the Nasdaq Capital Market. This development is significant for Viewbix, as it allows the company to gain access to one of the world’s leading capital markets. Xylo Technologies Ltd., which holds a substantial indirect investment in Viewbix through its stake in Gix Internet Ltd., expressed optimism about Viewbix’s future growth prospects. Xylo’s CEO, Liron Carmel, highlighted the importance of this milestone for Viewbix. The company operates through subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on enhancing profitability for advertisers and website owners. Xylo Technologies has a diverse portfolio, including ventures in medical solutions, digital commerce, and electric vehicles. The press release notes that while the Nasdaq listing is a significant achievement, actual results could differ from expectations. This information is based on a press release from Xylo Technologies Ltd.
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