secwatch.observer — SEC 8-K summary
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Issuer:     Viewbix Inc. (QXL)
CIK:        0000797542
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001493152-24-024432
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Viewbix enters $1.53M credit facility with conversion to stock at $0.25/share
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- Facility of $1M new money plus $530,657 prior debt; draws $350K immediately, $150K on filing registration, $500K on uplisting.
- 12% per annum interest paid upfront in 734,715 shares and warrants; conversion of $662,957 at $0.25 per share upon uplisting.
- Lead Lender L.I.A. Pure Capital receives 200,000 shares, warrants to purchase 200,000 shares at $0.25 and 2,500,000 shares at $1.00.
- Company to file resale registration statement within 30 days; securities unregistered until then.
- Uplisting to national exchange is a condition for conversion; term expires 12 months after uplisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797542/000149315224024432/0001493152-24-024432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797542/000149315224024432/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-024432

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