Viewbix Signs Term Sheet To Acquire Quantum X Labs; Financial Terms Not Disclosed

Viewbix Inc. (Nasdaq: VBIX) ("Viewbix" or the "Company"), a global developer of ad-tech innovative technologies, today announced the signing of a non-binding term sheet outlining the proposed terms for the acquisition of Quantum X Labs Ltd. ("Quantum X Labs" and the "Acquisition").

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 $3 million that the Company announced today.