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Investing.com -- Viewbix Inc. (NASDAQ:VBIX) stock plummeted 40.9% on Wednesday after the ad-tech company announced a $3 million private placement of shares and warrants, along with plans to acquire a quantum computing firm.
The company plans to issue approximately 800,000 units and pre-funded units priced at $3.75 per unit, with each unit consisting of one common share and one warrant exercisable at $5.625. The transaction, expected to close in December 2025, is contingent on shareholder approval and the execution of definitive agreements for Viewbix’s acquisition of Quantum X Labs Ltd.
According to a separate announcement, Viewbix has signed a non-binding term sheet to acquire Quantum X Labs, a quantum computing and AI company focused on quantum algorithmics and quantum physics. Upon completion, Quantum X Labs shareholders would receive Viewbix securities representing 65% of the company’s post-closing share capital, including shares from the concurrent $3 million financing.
Viewbix indicated it would use the proceeds from the private placement for general corporate purposes, working capital, and debt repayment. The company also stated it plans to continue its previously announced process of exploring potential new business opportunities in various sectors.
The sharp stock decline suggests investors may be concerned about potential dilution from the share issuance and the strategic shift toward quantum computing. The transaction is subject to due diligence, regulatory approvals, and stockholder approval, with closing anticipated in December 2025.
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