Viewbix Inc. Files 8-K: Material Agreement & Equity Sales
Ticker: VBIX · Form: 8-K · Filed: Jul 5, 2024 · CIK: 797542
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
Viewbix Inc. inked a deal with financial obligations and sold equity. Watch for dilution!
AI Summary
Viewbix Inc. entered into a material definitive agreement on June 30, 2024, which created a direct financial obligation. The company also reported unregistered sales of equity securities. The filing was made on July 5, 2024.
Why It Matters
This 8-K filing indicates Viewbix Inc. has entered into a significant agreement with financial obligations and has issued new equity, which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement with financial obligations and unregistered sales of equity, which can introduce financial and dilution risks.
Key Players & Entities
- Viewbix Inc. (company) — Registrant
- June 30, 2024 (date) — Date of earliest event reported
- July 5, 2024 (date) — Filing date
FAQ
What is the nature of the material definitive agreement entered into by Viewbix Inc.?
The filing states that Viewbix Inc. entered into a material definitive agreement on June 30, 2024, which created a direct financial obligation. Specific details of the agreement are not provided in this summary.
What type of financial obligation was created by the agreement?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
Were there any unregistered sales of equity securities?
Yes, the filing explicitly lists 'Unregistered Sales of Equity Securities' as an item of information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on June 30, 2024.
What is Viewbix Inc.'s former company name?
Viewbix Inc. was formerly known as Virtual Crypto Technologies, Inc., Emerald Medical Applications Corp., and ZAXIS INTERNATIONAL INC.
Filing Stats: 1,915 words · 8 min read · ~6 pages · Grade level 12.8 · Accepted 2024-07-05 16:05:33
Key Financial Figures
- $0.0001 — 7,500 shares of common stock, par value $0.0001 per share (the "Shares"), of the Compan
- $0.25 — 3, 2024. The purchase price per Unit is $0.25. The PIPE Warrants are exercisable up
- $256,875 — he Private Placement are expected to be $256,875. In connection with the Private Place
- $10,000 — mented fees and expenses incurred up to $10,000. In addition, the Company has agreed to
- $12,844 — the Lead Investor of (i) a cash fee of $12,844 and (ii) 51,375 Shares. The securitie
- $2.5 million — eement (the "Facility Agreement") for a $2.5 million (the "Facility Loan Amount") credit fac
- $2.0 million — such date that the Company completes a $2.0 million financing transaction (the "Term"). Upo
- $50,000 — chedule as follows: (i) an aggregate of $50,000 shall be drawn down immediately upon th
- $200,000 — ) following the Uplist, an aggregate of $200,000 shall be drawn down on a quarterly basi
- $100,000 — hall be entitled to convert into Shares $100,000 of the outstanding Facility Loan Amount
Filing Documents
- form8-k.htm (8-K) — 54KB
- ex10-1.htm (EX-10.1) — 250KB
- ex10-2.htm (EX-10.2) — 147KB
- ex10-3.htm (EX-10.3) — 185KB
- ex10-4.htm (EX-10.4) — 112KB
- ex10-5.htm (EX-10.5) — 155KB
- 0001493152-24-026343.txt ( ) — 1243KB
- vbix-20240705.xsd (EX-101.SCH) — 3KB
- vbix-20240705_lab.xml (EX-101.LAB) — 33KB
- vbix-20240705_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Viewbix Inc. By: /s/ Amihay Hadad Name: Amihay Hadad Title: Chief Executive Officer Date: July 5, 2024