Viewbix Inc. has announced it has received the requisite stockholder approval to proceed with its acquisition of Quantum X Labs Ltd., a multi-disciplinary quantum technology hub. The acquisition, pending closing conditions, would bring Quantum X Labs' portfolio of intellectual property—including innovations in quantum algorithms, navigation, atomic clocks, and a patent for AI-Quantum Error Correction—under the Viewbix umbrella, marking a significant strategic expansion into advanced quantum technologies.
Viewbix Inc. stockholders approve the acquisition of Quantum X Labs, a quantum technology hub.
Quantum X Labs focuses on quantum algorithms, navigation (GPS alternatives), and next-gen atomic clocks.
Key IP includes a proprietary patent for AI-Quantum Error Correction technology.
Viewbix will issue stock and warrants representing ~40% of its capital for an 85-100% stake in Quantum.
Up to ~12.7 million additional shares are contingent on post-closing performance milestones.
The transaction is expected to close in the coming weeks, pending final due diligence and regulatory approvals.
The approved acquisition represents a transformative strategic move for Viewbix, pivoting from its core digital advertising and AI grammar software businesses into the frontier field of quantum technology. By acquiring Quantum X Labs, Viewbix gains access to a portfolio of companies and intellectual property addressing high-value applications in precision timing, secure navigation, and computational problem-solving across sectors like biomedicine and transportation, positioning itself at the convergence of AI and quantum computing.
The deal structure involves Viewbix issuing common stock and pre-funded warrants amounting to approximately 40% of its capital as of the agreement date in exchange for between 85% and 100% of Quantum X Labs. A significant performance-based component is also included, with the potential for up to an additional 12.7 million shares contingent on achieving unspecified post-closing milestones. This structure aligns the interests of both parties toward the future growth and commercial success of the acquired quantum technologies.
Quantum X Labs operates as a hub for several innovative quantum technologies. Its portfolio includes development in quantum-based navigation systems that could serve as alternatives or supplements to GPS, next-generation atomic clocks for unparalleled precision timing, and quantum algorithms for complex optimization in drug discovery and security. A standout asset is its proprietary patent for AI-Quantum Error Correction, a critical technology for making practical quantum computing viable by mitigating computational errors.
With stockholder approval secured via written consent, the transaction now moves toward closing, subject to final due diligence and regulatory clearances. Viewbix expects to complete the acquisition in the coming weeks. Following the closure, the key challenge will be integrating the advanced quantum R&D operations of Quantum X Labs with Viewbix's existing digital technology business, managing the performance-based milestone payments, and effectively commercializing the acquired intellectual property portfolio.
About Viewbix Inc.
Viewbix, through certain of its subsidiaries Gix Media Ltd. and Metagramm Software Ltd., operates in the field of digital advertising. Gix Media develops a variety of technological software solutions, which perform automation, optimization and monetization of internet campaigns, for the purposes of acquiring and routing internet user traffic to its customers. Metagramm is a developer of grammatical error correction software. The company offers tools for writing and reviewing, grammar, spelling, punctuation and style features, as well as translation and multilingual dictionaries, using artificial intelligence and machine learning technology.
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