debt
confidence high
sentiment neutral
materiality 0.50
Viewbix subsidiary secures $480K loan at 9% with warrants exercisable at $0.50 per share
Viewbix Inc.
- Viewbix Ltd. borrowed $480K (up to $1M) at 9% interest, repayable over two years starting Jan 1, 2024.
- Lenders received warrants to buy Viewbix Inc. common stock at $0.50/share, expiring Dec 31, 2025, one warrant per dollar lent.
- Upon default, lenders may convert outstanding loan into common stock at 30-day avg closing bid price.
- Lenders include Medigus Ltd. ($200K), Yoram Baumann ($75K), CEO Amihay Hadad ($20K), and others.
- Warrants issued under Regulation S; shares are restricted securities.