Viewbix signs non-binding term sheet for acquisition of Quantum X Labs

Viewbix (VBIX) announced the signing of a non-binding term sheet outlining the proposed terms for the acquisition of Quantum X Labs. Under the terms of the term sheet, upon the closing of the Acquisition, Viewbix will acquire 100% of Quantum X Labs’ issued and outstanding share capital in exchange for the issuance of shares of the Company’s common stock and pre-funded warrants to purchase shares of the Company’s common stock on a pro-rate basis to Quantum X Labs’s shareholders. These securities issuable to Quantum X Labs’s shareholders upon the closing of the Acquisition will represent 65% of Viewbix’s total post-closing issued and outstanding share capital, inclusive of shares issued concurrently via a PIPE financing of $3M. QuantumX Labs is a cutting-edge quantum computing and AI company focusing on advancing technologies in quantum algorithmics and quantum physics. As the pioneering Israeli laboratory, it is committed to creating and retaining quantum innovations across diverse industries and sectors. The company currently maintains a diverse quantum ecosystem by owning subsidiaries that develop unique, patent-protected solutions. The closing of the Acquisition and the issuance of the securities by Viewbix is expected to occur in December 2025, subject to final due diligence, the execution of definitive agreements, regulatory approvals, the approval of the Company’s stockholders in accordance with applicable rules or regulations of the Nasdaq Stock Market and customary closing conditions.