8-K: Viewbix Inc. Announces 1-for-4 Reverse Stock Split Effective March 14, 2025

Viewbix Inc. announces a 1-for-4 reverse stock split of its common stock, effective on the OTC Pink Marketplace as of March 14, 2025.

Summary

• Viewbix Inc. received notice from FINRA regarding the 1-for-4 reverse stock split.
• The reverse stock split was previously disclosed on July 19, 2024.
• FINRA will announce the reverse stock split on its daily list on March 13, 2025.
• The reverse stock split will be effective on the OTC Pink Marketplace as of market open on March 14, 2025.
• The new CUSIP number for the common stock will be 926711300.
• The company's shares will trade under the symbol VBIXD for 20 trading days, after which it will revert to VBIX.
• Every four outstanding shares will be converted into one share.
• Approximately 21,179,686 shares will be converted into approximately 5,294,922 shares.
• No fractional shares will be issued; fractional shares will be rounded up.
• The reverse stock split will not change the par value or the number of authorized shares (490,000,000 shares).

Sentiment

Score: 5

Explanation: The announcement is a neutral corporate action. Reverse stock splits can have mixed impacts, but the announcement itself is factual.

Positives

• Rounding up of fractional shares benefits some shareholders.

Risks

• Reverse stock splits can sometimes be perceived negatively by investors.

Future Outlook

The company anticipates the reverse stock split will be processed as planned and the ticker symbol will revert to VBIX after 20 trading days.

Management Comments

• Amihay Hadad, Chief Executive Officer, signed the report on behalf of Viewbix, Inc.

Industry Context

Reverse stock splits are often used by companies trading at low share prices to increase their price and potentially attract institutional investors or meet listing requirements.

Comparison to Industry Standards

• Reverse stock splits are a relatively common corporate action, especially among smaller companies trading on over-the-counter markets.
• Similar companies that have recently undertaken reverse stock splits include those facing delisting from major exchanges or seeking to improve their stock's perceived value.

Stakeholder Impact

• Shareholders will see their share count reduced, but the proportional ownership should remain the same.
• Holders of warrants, options, or convertible securities will have their exercise or conversion prices adjusted.

Next Steps

• FINRA will announce the reverse stock split.
• The reverse stock split will become effective on the OTC Pink Marketplace.
• The company's shares will trade under the symbol VBIXD for 20 trading days.
• The ticker symbol will revert back to VBIX after the 20-trading day period.

Key Dates