secwatch.observer — SEC 8-K summary
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Issuer:     Viewbix Inc. (QXL)
CIK:        0000797542
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001493152-23-044578
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viewbix subsidiary secures $480K loan at 9% with warrants exercisable at $0.50 per share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797542/000149315223044578/0001493152-23-044578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797542/000149315223044578/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044578

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