m_and_a
confidence high
sentiment neutral
materiality 0.80
Viewbix signs non-binding term sheet to acquire Quantum X Labs for 65% stock; raises $3M in PIPE
Viewbix Inc.
- Viewbix to acquire 100% of Quantum X Labs, issuing 65% of Viewbix post-closing stock to Quantum shareholders.
- PIPE of 800,000 units at $3.75 each raises ~$3.0M; includes Common Warrants at $5.625 (5-year) and Pre-Funded Warrants at $0.0001.
- Both deals subject to due diligence, definitive agreements, Nasdaq stockholder approval, and regulatory approvals.
- Advisor L.I.A. Pure Capital receives $150K fee and 40,000 warrants; Viewbix to repay ~$529,510 loan to Advisor at closing.
- If all Warrants exercised for cash, Viewbix would receive additional $4.5M gross proceeds.
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