Viewbix Adjusts Terms for Quantum X Labs Acquisition – Lowers Initial Equity Stake to 40%
Acquisition Update: Viewbix Inc. has signed an updated non-binding term sheet with Quantum X Labs, reducing its initial equity issuance to 40% of post-closing capital stock and allowing for performance-based earn-outs that can reach up to 65%.
Performance Milestones: Additional shares may be issued based on achieving specific milestones related to prototype development and patent filings, with structured percentages tied to each phase of progress.
Shareholder Approval Required: The completion of the acquisition and share issuance is contingent upon final due diligence, regulatory approvals, and the approval of Viewbix's stockholders in accordance with Nasdaq rules.
Company Background: Viewbix operates in digital advertising through its subsidiaries, focusing on technological solutions for internet campaigns and developing AI-driven software for grammar correction and translation.
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