Viewbix (VBIX, Financial) has finalized agreements with key institutional investors to facilitate the purchase and sale of approximately $4.5 million worth of its common stock and pre-funded warrants. The transaction has been priced in accordance with Nasdaq regulations. This capital raising will enable the company to pursue potential new business ventures and investments across various sectors.
In this offering, Viewbix will distribute a total of 925,923 units and pre-funded units. Each common unit is priced at $4.86 and includes one share of common stock and a warrant to buy another share at $4.74. Pre-funded units are priced similarly, minus the minimal pre-funded warrant exercise price of $0.0001, and include a pre-funded warrant and a common warrant with the same exercise conditions as the common units. The common warrants are immediately exercisable for a period of 5.5 years.
The offering is set to close around July 14, pending customary closing conditions, with expected gross proceeds of approximately $4.5 million before expenses. Proceeds will be used for general corporate activities and increasing working capital. Aegis Capital is serving as the sole placement agent for this private placement.
