Viewbix Inc. has entered into a non-binding term sheet to acquire 100% of the issued and outstanding share capital of Quantum X Labs Ltd., an Israeli company specializing in quantum computing and AI technologies. Upon completion of the transaction, Quantum shareholders will receive Viewbix stock and pre-funded warrants representing a total of 65% of Viewbix's issued and outstanding capital stock on a post-closing basis. Finalization of the deal is subject to due diligence, execution of definitive agreements, regulatory approvals, and customary closing conditions.
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