AcquisitionsMay 14, 2026, 04:21 PM
Quantum X Labs Inc. Files Pro Forma Financials for Quantum Israel Acquisition
AI Summary
Quantum X Labs Inc. (formerly Viewbix Inc.) filed an 8-K to provide financial disclosures related to its acquisition of Quantum X Labs Ltd. (Quantum Israel), which closed on March 4, 2026. The filing includes audited financial statements for Quantum Israel for the year ended December 31, 2025, and unaudited pro forma combined financial information for the combined entity. Quantum Israel reported a net loss of $325 thousand and has a going concern uncertainty, while the pro forma combined entity showed a net loss of $21,140 thousand for the year ended December 31, 2025.
Key Highlights
- Quantum X Labs Inc. (formerly Viewbix Inc.) completed the acquisition of Quantum X Labs Ltd. on March 4, 2026.
- Quantum X Labs Inc. acquired 100% of Quantum X Labs Ltd.'s issued and outstanding share capital.
- Consideration included 1,866,000 common shares and pre-funded warrants for 4,447,595 shares.
- Up to 12,702,847 additional shares may be issued based on post-closing milestones.
- Quantum X Labs Ltd. reported a net loss of $325 thousand for the period ended December 31, 2025.
- Pro forma combined net loss was $21,140 thousand for the year ended December 31, 2025.
- Pro forma combined total assets were $28,531 thousand as of December 31, 2025.
- Quantum X Labs Ltd. faces material uncertainty regarding its ability to continue as a going concern.