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TEL AVIV - Viewbix Inc. (NASDAQ:VBIX) announced Wednesday it has signed a non-binding term sheet to acquire Quantum X Labs Ltd., a quantum computing and AI company. The announcement comes as VBIX shares trade at $3.45, having fallen nearly 40% over the past six months amid significant revenue decline.
Under the proposed terms, Viewbix would acquire 100% of Quantum X Labs in exchange for shares of common stock and pre-funded warrants. These securities would represent 65% of Viewbix's total post-closing share capital, including shares from a concurrent $3 million PIPE financing also announced today.
Quantum X Labs develops technologies in quantum algorithmics and quantum physics, with subsidiaries that create patent-protected solutions across various industries.
The acquisition is expected to close in December 2025, pending final due diligence, definitive agreements, regulatory approvals, Nasdaq compliance, and Viewbix stockholder approval.
Viewbix currently operates in digital advertising through its subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search automation and digital content creation.
The information in this article is based on a company press release statement.
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