secwatch.observer — SEC 8-K summary
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Issuer:     Viewbix Inc. (QXL)
CIK:        0000797542
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001493152-25-021947
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Viewbix subsidiary Gix Media sells 80% stake in Cortex for $800k
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- Gix Media (Viewbix wholly-owned) sold its 80% interest in Cortex to Minute Media subsidiary Pro Sportority for $800k
- Consideration: $200k cash plus $600k in Minute Media Preferred J Shares; deal closed Nov 9, 2025
- Gix Media subject to two-year non-compete and non-solicitation obligations post-closing
- Minute Media has call option to repurchase Parent Shares from Gix Media on insolvency or change of control

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797542/000149315225021947/0001493152-25-021947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797542/000149315225021947/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021947

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer