Viewbix Inc. Files 8-K on Material Agreements & Equity Sales
Ticker: VBIX · Form: 8-K · Filed: Jul 30, 2024 · CIK: 797542
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
Viewbix Inc. dropped an 8-K: new debt, equity sales, and other big moves. Watch this space.
AI Summary
On July 30, 2024, Viewbix Inc. filed an 8-K detailing a material definitive agreement and the creation of a direct financial obligation. The filing also addresses unregistered sales of equity securities and other events. The company, formerly known as Virtual Crypto Technologies, Inc., is based in Herzliya, Israel.
Why It Matters
This 8-K filing indicates significant corporate actions, including new financial obligations and equity transactions, which could impact the company's financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, financial obligations, and unregistered equity sales, suggesting potential financial restructuring or new risks for investors.
Key Players & Entities
- Viewbix Inc. (company) — Registrant
- July 30, 2024 (date) — Date of report
- July 25, 2024 (date) — Earliest event reported
- Virtual Crypto Technologies, Inc. (company) — Former company name
- Emerald Medical Applications Corp. (company) — Former company name
- ZAXIS INTERNATIONAL INC (company) — Former company name
FAQ
What specific material definitive agreement was entered into by Viewbix Inc. on or around July 25, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What is the nature of the direct financial obligation or off-balance sheet arrangement created by Viewbix Inc.?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.
When did Viewbix Inc. change its name from Virtual Crypto Technologies, Inc.?
Viewbix Inc. changed its name from Virtual Crypto Technologies, Inc. on March 12, 2018.
What is the business address of Viewbix Inc.?
The business address of Viewbix Inc. is 14 Aryeh Shenkar Street, Herzliya, L3, 4672514.
What are the key items reported in this 8-K filing by Viewbix Inc.?
The key items reported include the entry into a material definitive agreement, creation of a direct financial obligation, unregistered sales of equity securities, and other events.
Filing Stats: 1,784 words · 7 min read · ~6 pages · Grade level 12.3 · Accepted 2024-07-30 09:15:12
Key Financial Figures
- $2.5 million — (the "Second Facility Agreement") for a $2.5 million credit facility (the "Second Facility L
- $2,000,000 — financing transaction in the amount of $2,000,000. The Second Amendment is filed as Exh
- $3.0 million — into a third facility agreement, for a $3.0 million (the "Third Facility Loan Amount") cred
- $80,000 — chedule as follows: (i) an aggregate of $80,000 shall be drawn down immediately upon th
- $80,000 m — he "Uplist"), and (iii) an aggregate of $80,000 may be drawn down on a monthly basis ther
- $0.25 — of common stock at a conversion rate of $0.25 (on a pre-reverse stock split basis), f
- $160,000 — ng the effectiveness of the Uplist, (i) $160,000 of the Third Facility Loan Amount will
Filing Documents
- form8-k.htm (8-K) — 58KB
- ex10-1.htm (EX-10.1) — 173KB
- ex10-2.htm (EX-10.2) — 16KB
- ex10-3.htm (EX-10.3) — 108KB
- ex10-4.htm (EX-10.4) — 155KB
- ex99-1.htm (EX-99.1) — 11KB
- 0001493152-24-029529.txt ( ) — 778KB
- vbix-20240730.xsd (EX-101.SCH) — 3KB
- vbix-20240730_lab.xml (EX-101.LAB) — 33KB
- vbix-20240730_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 30, 2024