# EDGAR Filing Document

**Accession Number:** 0000797542
**File Stem:** 0001641172-25-014311
**Filing Date:** 2025-6
**Character Count:** 44119
**Document Hash:** e9711db605e4e5ab54134cd7ee598a5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-014311.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0001641172-25-014311

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250323

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Viewbix Inc.
- **CENTRAL INDEX KEY:** 0000797542
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 680080601
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42681
- **FILM NUMBER:** 251034363

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 3 HANEHOSHET ST, BUILDING B
- **STREET 2:** 7TH FLOOR
- **CITY:** TEL AVIV
- **PROVINCE COUNTRY:** L3
- **ZIP:** 6971068
- **BUSINESS PHONE:** 855-879-8439

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 3 HANEHOSHET ST, BUILDING B
- **STREET 2:** 7TH FLOOR
- **CITY:** TEL AVIV
- **PROVINCE COUNTRY:** L3
- **ZIP:** 6971068

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtual Crypto Technologies, Inc.
- **DATE OF NAME CHANGE:** 20180312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Emerald Medical Applications Corp.
- **DATE OF NAME CHANGE:** 20151006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZAXIS INTERNATIONAL INC
- **DATE OF NAME CHANGE:** 19950916

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K/A**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of report (date of earliest event reported): June 9, 2025 (March 23, 2025)

**<u>VIEWBIX INC.</u>**

(Exact Name of Registrant as Specified in its Charter)

Commission File No.: 000-42681

<u>Delaware</u> <u>68-0080601</u> <br> (State of Incorporation) (I.R.S. Employer Identification No.)

<u>3 Hanehoshet St, Building B, 7th floor, Tel Aviv, Israel</u> <u>6971068</u> <br> (Address of Registrant's Office) (ZIP Code)

Registrant's Telephone Number, including area code: +972 9-774-1505

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Explanatory Note**

On March 24, 2025, Viewbix Inc. (the "Company") filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (the "Original Form 8-K"), reporting that on March 24, 2025, the Company completed acquisition of Metagramm Software Ltd. ("Metagramm") pursuant to the securities exchange agreement (the "Acquisition") with Metagramm and all of the shareholders of Metagramm.

This Amendment No. 1 to this Current Report on Form 8-K ("Amendment No. 1") amends the Original Form 8-K to provide with respect to the unaudited pro forma condensed combined financial information of the Company and the audited consolidated financial information of Metagramm for the year ended December 31, 2024 as Exhibit 99.2.

**Item 9.01 Financial Statements and Exhibits.**

The unaudited pro forma condensed combined financial information of the Company updated to reflect the effect of the Acquisition as if it had occurred on December 31, 2024 and on January 1, 2024, is filed herewith as Exhibit 99.1 and the audited consolidated financial information of Metagramm for the year ended December 31, 2024 are filed herewith as Exhibit 99.2. and are incorporated into this Item 9.01(a) by reference thereto.

The unaudited pro forma condensed combined financial information does not necessarily reflect what the Company's results of operations, balance sheets or cash flows would have been during the periods presented had the Acquisition been completed in prior periods and does not necessarily indicate what the Company's results of operations, balance sheets, cash flows or costs and expenses will be in the future.

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Unaudited Pro Forma Condensed Combined Financial Information](ex99-1.htm) |
| 99.2 | [Audited Consolidated Financial Information of Metagramm Software Ltd. for the year ended December 31, 2024](ex99-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| **Viewbix Inc.** | **Viewbix Inc.** |
| By: | */s/ Amihay Hadad* |
| Name: | Amihay Hadad |
| Title: | Chief Executive Officer |

---

Date: June 9, 2025

## Exhibit 99.1

**Exhibit 99.1**

**UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION**

On March 24, 2025 (the "Closing Date"), the Viewbix. Inc. (the "Company" or "Viewbix") entered into a securities exchange agreement (the "Agreement") with Metagramm Software Ltd., an Israeli company ("Metagramm"), and all of the shareholders of Metagramm (the "Metagramm Shareholders"). Pursuant to the Agreement, the Company acquired 100% of Metagramm's issued and outstanding share capital in exchange for a consideration of 19.99% of the Company's issued and outstanding capital stock on a post-closing, pro rata basis (the "Consideration") equal to 1,323,000 shares of common stock of the Company (the "Acquisition") and representing a total value of $5,159,000. The Acquisition was completed on March 24, 2025 (the "Closing Date"), resulting in Metagramm becoming a wholly-owned subsidiary of the Company.

In addition, the Company agreed to pay the Metagramm Shareholders cash earn-out payments on a pro rata basis of up to a cumulative sum of $2.0 million, contingent upon the achievement of certain financing and revenue milestones during the 3-year period following the Closing Date.

The unaudited pro forma condensed combined balance sheets are based on the individual historical balance sheets of the Company and Metagramm, prepared in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, as of December 31, 2024, and has been prepared to reflect the effect of the Acquisition, which was completed on March 24, 2025, as if it had occurred on December 31, 2024. The unaudited pro forma condensed combined statements of operations for the year ended December 31, 2024 gives effect to the Acquisition as if it had occurred on January 1, 2024, the beginning of the Company's fiscal year. The historical condensed combined financial information has been adjusted to give effect to pro forma events that are: 1) directly attributable to the Acquisition; 2) factually supportable; and 3) with respect to the statement of operations, expected to have a continuing impact on the combined results. The unaudited pro forma financial statements were prepared in accordance with Article 11 of the U.S. Securities and Exchange Commission, or the SEC, Regulation S-X, or Article 11 of Regulation S-X. In the opinion of management, all adjustments necessary to present fairly the unaudited pro forma condensed combined financial information have been made, as further described in the accompanying notes.

The unaudited pro forma condensed combined financial information is derived from and should be read in conjunction with the Company's historical audited financial statements for the year ended December 31, 2024 included in the Company's Annual Report on Form 10-K filed to the SEC on March 21, 2025, (the "Annual Report"), the historical audited financial information of Metagramm for the year ended December 31, 2024 included as Exhibit 99.1 to this Current Report on Form 8-K, or this Form 8-K.

The unaudited pro forma combined condensed financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have resulted had the Acquisition described above been consummated at the dates indicated, nor is it necessarily indicative of the results of operations which may be realized in the future. Furthermore, the unaudited pro forma combined condensed financial information does not give effect to the potential impact of current financial conditions, regulatory matters, operating efficiencies or other savings or expenses that may be associated with the integration of the two companies.

**UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEETS**

**As of December 31, 2024**

**(U.S. dollars in thousands)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Viewbix Inc** | **Metagramm** | **Transaction<br> Accounting<br> Adjustments** |  | **Pro<br> Forma** |
| **Assets** |  |  |  |  |  |
| Current Assets: |  |  |  |  |  |
| Cash and cash equivalents | $624 | $18 | $- |  | $642 |
| Restricted deposit | 58 |  |  |  | 58 |
| Accounts receivables | 1832 |  |  |  | 1832 |
| Loan to parent company | 3981 |  |  |  | 3981 |
| Other receivables | 1257 | 14 | - |  | 1271 |
| **Total Current Assets** | 7752 | 32 | - |  | 7784 |
| Non-current assets: |  |  |  |  |  |
| Deferred taxes | 164 |  |  |  | 164 |
| Property and equipment, net | 27 | 2 |  |  | 29 |
| Intangible assets, net | 9552 | 123 | 860 | 3(a) | 10535 |
| Goodwill | 4579 | - | 5125 | 3(a) | 9704 |
| **Total Non-current Assets** | 14322 | 125 | 5985 |  | 20432 |
| **Total Assets** | $22074 | 157 | 5985 |  | 28216 |
| **Liabilities** |  |  |  |  |  |
| Current liabilities: |  |  |  |  |  |
| Accounts payable | $5935 | $5 | $- |  | $5940 |
| Short-term loans | 2310 |  |  |  | 2310 |
| Current maturities of long-term loans | 3064 |  |  |  | 3064 |
| Embedded derivatives | 29 |  |  |  | 29 |
| Short-term convertible loans | 779 |  |  |  | 779 |
| Other payables | 812 | 348 | - |  | 1160 |
| **Total Current liabilities** | 12929 | 353 | - |  | 13282 |
| Non-current liabilities: |  |  |  |  |  |
| Long-term loans, net of current maturities | 496 |  |  |  | 496 |
| Deferred taxes | 1142 |  | 198 | 3(a) | 1340 |
| Earn-out liability | - | - | 1010 | 3(a) | 1010 |
| **Total None Current liabilities** | 1638 | - | 1208 |  | 2846 |
| **Total Liabilities** | $14567 | 353 | 1208 |  | 16128 |
| **Shareholders' Equity:** |  |  |  |  |  |
| Common stock of $0.0001 par value | 3 |  |  |  | 3 |
| Additional paid-in-capital | $28482 | $250 | $4804 | 3(b) | $33536 |
| Accumulated deficit | (22714) | (446) | (27) | 3(b) | (23187) |
| **TOTAL EQUITY** | 7507 | (196) | 4777 |  | 12088 |
| **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | 22074 | 157 | 5985 |  | 28216 |

---

**UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS**

**For the period ended December 31, 2024**

**(U.S. dollars in thousands)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Viewbix Inc** | **Metagramm** | **Transaction Accounting Adjustments** | **Pro <br> Forma** |
| **Revenues** | $26941 | 137 |  | 27078 |
| **Costs and Expenses:** |  |  |  |  |
| Traffic-acquisition and related costs | 21987 |  |  | 21987 |
| Research and development | 1879 | 171 |  | 2050 |
| Selling and marketing | 1641 | 62 |  | 1703 |
| General and administrative | 2268 | 81 |  | 2349 |
| Depreciation and amortization | 3012 | 110 | 320 | 3442 |
| Goodwill Impairment | 7675 |  |  | 7675 |
| Other expenses, net | 34 | - | - | 34 |
| **Operating loss** | 11555 | 287 | 320 | 12162 |
| Finance expenses, net | 2764 | 110 | - | 2874 |
| **Loss before income taxes** | 14319 | 397 | 320 | 15036 |
| Income tax benefit | (213) | - | (74) | (287) |
| **Net loss** | 14106 | 397 | 246 | 14749 |
| Net loss attributable to non-controlling interests | 2053 |  |  | 2053 |
| **Net loss attributable to shareholders** | 12053 | 397 | 246 | 12696 |
| Net loss per share – Basic and diluted attributed to shareholders: | 2.69 | 0.09 | 0.05 | 2.84 |
| Weighted-average number of shares used in computing net loss per share, basic and diluted (\*) | 4476013 | 4476013 | 4476013 | 4476013 |

---

(\*) Share and per share data in these condensed consolidated financial statements have been retroactively adjusted to reflect the 1-for-4 reverse stock split effected on March 14, 2025.

**Notes to Unaudited Pro Forma Condensed Combined Consolidated Financial Information**

 ****

***Note 1 - Basis of presentation***

The unaudited pro forma condensed combined statement of operations for the period ended December 31, 2024, presents pro forma effect to the Acquisition, which was completed on March 24, 2025, as if it had been completed on January 1, 2024 and was derived from the Company's historical audited financial statements for the year ended December 31, 2024 included in the Annual Report and the historical audited financial information of Metagramm for the year ended December 31, 2024 included as Exhibit 99.2 to this Form 8-K.

The unaudited pro forma condensed combined financial information herein has been prepared to illustrate the effects of the Acquisition in accordance with U.S. GAAP.

The unaudited pro forma condensed combined balance sheets as of December 31, 2024, assumes that the Acquisition occurred on December 31, 2024.

The unaudited pro forma condensed combined statement of balance sheets as of December 31, 2024, has been prepared using, and should be read in conjunction with, the following:

● The Company's audited consolidated statement of balance sheets as of December 31, 2024, and the related notes, included in the Annual; and

● Metagramm's audited balance sheets as of December 31, 2024, and the related notes, included as Exhibit 99.2 to this Form 8-K.

The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024, have been prepared using, and should be read in conjunction with, the following:

● The Company's audited consolidated statement of operations for the period ended December 31, 2024, and the related notes included in the Annual Report; and

● Metagramm's audited statement of operations for the year ended December 31, 2024 and the related notes attached as Exhibit 99.2 to this Form 8-K.

Information has been prepared based on these preliminary estimates, and the final amounts recorded may differ materially from the information presented. The unaudited pro forma condensed combined financial information does not give effect to any anticipated synergies, operating efficiencies, tax savings, or cost savings that may be associated with the Acquisition.

Management has made significant estimates and assumptions in its determination of the pro forma adjustments. The pro forma adjustments reflecting the consummation of the Acquisition are based on certain currently available information and certain assumptions and methodologies that The Company believes are reasonable under the circumstances. The unaudited condensed pro forma adjustments, which are described in the accompanying notes, may be revised as additional information becomes available and is evaluated. Therefore, it is likely that the actual adjustments will differ from the pro forma adjustments and it is possible the difference may be material. The Company believes that these assumptions and methodologies provide a reasonable basis for presenting all of the significant effects of the Acquisition based on information available to management at the time of the Closing Date and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial information.

The unaudited pro forma condensed combined financial information is presented solely for informational purposes and is not necessarily indicative of the combined results of operations or balance sheets that might have been achieved for the periods presented, nor is it necessarily indicative of the future results of the combined company.

The unaudited pro forma condensed combined financial information does not necessarily reflect what the combined company's financial condition or results of operations would have been had the transactions occurred on the dates indicated. The unaudited pro forma condensed combined financial information also may not be useful in predicting the future financial condition and results of operations of the combined company. The actual balance sheets and results of operations may differ significantly from the pro forma amounts reflected herein due to a variety of factors.

 ****

***Note 2 - Adjustments to Unaudited Pro Forma Condensed Combined Financial Information***

The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X as amended by Release No. 33-10786 "Amendments to Financial Disclosures about Acquired and Disposed Businesses." Release No. 33-10786 replaces the existing pro forma adjustment criteria with simplified requirements to depict the accounting for the transaction, or Transaction Accounting Adjustments, and present the reasonably estimable synergies and other transaction effects that have occurred or are reasonably expected to occur, or Management's Adjustments. The Company has elected not to present Management's Adjustments and will only be presenting Transaction Accounting Adjustments in the unaudited pro forma condensed combined financial information.

The unaudited pro forma combined provision for income taxes does not necessarily reflect the amounts that would have resulted had the combined company following consummation of the Acquisition filed consolidated income tax returns during the periods presented.

***Note 3 - Pro Forma Adjustments***

The following describes the pro forma adjustments related to the Acquisition, that have been made in the accompanying unaudited pro forma condensed combined statements of operations for the year ended December 31, 2024, giving effect to the Acquisition as if it had been consummated on January 1, 2024, all of which are based on preliminary estimates that could change significantly as additional information is obtained:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The preliminary purchase price allocation is as follows (in thousand):

---

| | | |
|:---|:---|:---|
| Consideration paid in Company's shares |  | $5159 |
| Earn-out liability arising from the acquisition |  | 1010 |
| Total cost of the acquisition |  | 6169 |
| Less: Acquired tangible assets |  | 136 |
| Excess purchase price |  | 6033 |
| Fair value adjustments: |  |  |
| Intangible asset – Technology | 760 |  |
| Intangible asset – Customer relations | 420 |  |
| Deferred tax liabilities | (272) |  |
| Total fair value adjustments |  | 908 |
| Goodwill |  | 5125 |

---

The consideration of $5,159 thousand paid in Company's shares which were allocated to the Metagramm Shareholders at the Closing Date.

The earn-out liability of $1,010 thousand represents the estimated fair value of cash earn-out payments the Company has agreed to pay the Metagramm' Shareholders, contingent upon the achievement of certain financing and revenue milestones during the 3-year period following the Closing Date.

The pro forma adjustments give effect to the forward acquisition accounting, and specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to
 recognize $760 thousand of Metagramm's identified intangible assets comprised of technology
 with an 5-year useful life;

(2) to
 recognize $420 thousand of Metagramm's identified intangible assets comprised of customer
 relations with a 2.5-year useful life;

(3) to
 recognize $272 thousand of Metagramm's deferred tax liabilities associated with the
 identified intangible assets; and

(4) to
 recognize Metagramm's goodwill of $5,125 thousand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the consolidation
 equity elimination upon consolidation of Metagramm.

## Exhibit 99.2

**Exhibit 99.2**

**METAGRAMM SOFTWARE LTD.**

**CONSOLIDATED FINANCIAL STATEMENTS**

**<u>DECEMBER 31, 2024</u>**

**<u>CONTENTS</u>**

---

| | |
|:---|:---|
|  | **Page** |
| [Report of Independent Registered Public Accounting Firm](#a_001) | F-2 |
| [Consolidated Balance Sheet](#a_002) | F-3 |
| [Consolidated Statement of Operations](#a_003) | F-5 |
| [Consolidated Statement of Changes in Shareholders' Equity (Deficiency)](#a_004) | F-6 |
| [Consolidated Statement of Cash Flows](#a_005) | F-7 |
| [Notes to Consolidated Financial Statement](#a_006) | F-8 |

---

![](ex99-2_001.jpg)

**INDEPENDENT AUDITOR'S REPORT**

**To the Shareholders and Board of Directors of Metagramm Software Ltd.**

**Opinion**

We have audited the consolidated financial statements of Metagramm Software Ltd. and its subsidiary (the "Company"), which comprise the consolidated balance sheet as of December 31, 2024 and the related consolidated statements of operations, changes in shareholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements").

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

**Substantial Doubt About the Company's Ability to Continue as a Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1B to the financial statements, the Company accumulated losses and negative cashflows from operations raise substantial doubt about its ability to continue as a going concern. Management's plans regarding these matters are also described in Note 1B. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to this matter.

**Responsibilities of Management for the Financial Statements**

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the financial statements are issued.

**Auditor's Responsibilities for the Audit of the Financial Statements**

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

● Exercise
 professional judgment and maintain professional skepticism throughout the audit.

● Identify
 and assess the risks of material misstatement of the financial statements, whether due to
 fraud or error, and design and perform audit procedures responsive to those risks. Such procedures
 include examining, on a test basis, evidence regarding the amounts and disclosures in the
 financial statements.

● Obtain
 an understanding of internal control relevant to the audit in order to design audit procedures
 that are appropriate in the circumstances, but not for the purpose of expressing an opinion
 on the effectiveness of the Company's internal control. Accordingly, no such opinion
 is expressed.

● Evaluate
 the appropriateness of accounting policies used and the reasonableness of significant accounting
 estimates made by management, as well as evaluate the overall presentation of the financial
 statements.

● Conclude
 whether, in our judgment, there are conditions or events, considered in the aggregate, that
 raise substantial doubt about the Company's ability to continue as a going concern
 for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

**Brightman Almagor Zohar & Co.**

**Certified Public Accountants**

**A Firm in the Deloitte Global Network**

Tel Aviv, Israel

June 9, 2025.

![](ex99-2_002.jpg)

**METAGRAMM SOFTWARE LTD.**

**<u>CONSOLIDATED</u>** **<u>BALANCE SHEET</u>**

**U.S. dollars in thousands**

---

| | | |
|:---|:---|:---|
|  | | **As of<br> December 31,** |
|  | <br>**Note** | **<br> 2024** |
| **<u>ASSETS</u>** |  |  |
| **CURRENT ASSETS** |  |  |
| Cash and cash equivalents |  | 18 |
| Other current assets |  | 14 |
| **Total current assets** |  | 32 |
| **NON-CURRENT ASSETS** |  |  |
| Property and equipment, net | **3** | 2 |
| Intangible assets, net | **4** | 123 |
| **Total non-current assets** |  | 125 |
| **Total assets** |  | 157 |

---

**The accompanying notes are an integral part of these financial statements.**

**METAGRAMM SOFTWARE LTD.**

**<u>CONSOLIDATED</u>** **<u>BALANCE SHEET (Cont.)</u>**

**U.S. dollars in thousands (except share data)**

---

| | | |
|:---|:---|:---|
|  | | **As of**<br> **December 31,** |
|  | <br>**Note** | **2024** |
| **<u>LIABILITIES AND SHAREHOLDERS' EQUITY</u>** |  |  |
| **CURRENT LIABILITIES** |  |  |
| Accounts payable |  | 5 |
| Employees and payroll accruals |  | 4 |
| Related parties |  | 37 |
| Shareholders loans | **5** | 307 |
| **Total current liabilities** |  | 353 |
| **SHAREHOLDERS' EQUITY** |  |  |
| Ordinary Shares of NIS0.001 par value - Authorized: 10,000,000 shares; Issued and outstanding: 666,643 as of December 31, 2024. |  | (\*) |
| Additional Paid-in capital |  | 250 |
| Accumulated deficit |  | (446) |
| **Total shareholders' deficiency** |  | (196) |
| **Total liabilities and shareholders' deficiency** |  | 157 |

---

**The accompanying notes are an integral part of these financial statements.**

---

| | |
|:---|:---|
| (\*) | Represents an amount less than $1. |

---

**METAGRAMM SOFTWARE LTD.**

**<u>CONSOLIDATED</u>** **<u>STATEMENT OF OPERATIONS</u>**

**U.S. dollars in thousands**

---

| | | |
|:---|:---|:---|
|  | | **Year ended<br> December 31,** |
|  | <br>**Note** | **2024** |
| **Revenues** |  | 137 |
| **Costs and Expenses:** |  |  |
| Research and development | **6A** | 171 |
| Selling and marketing | **6B** | 62 |
| General and administrative | **6C** | 81 |
| Depreciation and amortization | **3** | 110 |
| **Operating loss** |  | 287 |
| Financial expense, net |  | 110 |
| **Net loss** |  | 397 |

---

**The accompanying notes are an integral part of these financial statements.**

**METAGRAMM SOFTWARE LTD.**

**<u>CONSOLIDATED</u>** **<u>STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIENCY)</u>**

**U.S. dollars in thousands (except share data)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Ordinary Shares (\*)** | **Ordinary Shares (\*)** | | | |
|  | **Number** | **Amount** | **Additional Paid-in**<br>**capital** | **Accumulated Surplus**<br> **(deficit)** | **Total Equity**<br> **(deficiency)** |
| **Balance as of January 1, 2024** | 666643 | (\*) | 250 | (49) | 201 |
| Net loss | - | - | - | (397) | (397) |
| **Balance as of December 31, 2024** | 666643 | (\*) | 250 | (446) | (196) |

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---

| | |
|:---|:---|
| (\*) | Represents an amount less than $1. |

---

**The accompanying notes are an integral part of these financial statements.**

**METAGRAMM SOFTWARE LTD.**

**<u>CONSOLIDATED</u>** **<u>STATEMENT OF CASH FLOWS</u>**

**U.S. dollars in thousands**

---

| | |
|:---|:---|
|  | **Year ended<br> December 31,** |
|  | **2024** |
| **<u>Cash flows from Operating Activities</u>** |  |
| Net loss | (397) |
| **Adjustments to reconcile net income to net cash provided by operating activities:** |  |
| Depreciation and amortizations | 110 |
| Loss from sale of securities (see note 5) | 88 |
| **Changes in assets and liabilities items:** |  |
| Increase in other current assets | (1) |
| Decrease in loans from related parties | 14 |
| **Net cash used in operating activities** | (186) |
| **<u>Cash flows from Investing Activities</u>** |  |
| Cash received from sale of securities | 99 |
| **Net cash provided by investing activities** | 99 |
| **<u>Cash flows from Financing Activities</u>** |  |
| Receipt of loans from shareholders | 55 |
| **Net cash provided by financing activities** | 55 |
| **Decrease in cash and cash equivalents** | (32) |
| **Cash and cash equivalents at beginning of period** | 50 |
| **Cash and cash equivalents at end of period** | 18 |

---

**The accompanying notes are an integral part of these financial statements.**

**METAGRAMM SOFTWARE LTD.**

**<u>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</u>**

**U.S. dollars in thousands**

**NOTE 1: GENERAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Organizational Background and Business Overview**

Metagramm Software Ltd. (the "Company") was incorporated in the state of Israel in January 2022. The Company has a wholly-owned subsidiary in the United States, which was incorporated and commenced operations in July 2023. The Company specializes in developing writing assistance tools that leverage artificial intelligence, machine learning and natural language processing technologies. The Company's main product is a writing tool designed to provide personalized and customized text tailored to the user's unique expression and can translate various languages into English. The Company licenses its products on a subscription basis to businesses and individual customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **B. Going Concern**

The Company has incurred an operating loss of $287 and generated negative cash flow from operating activities of $186 for the ended December 31, 2024. Additionally, as of December 31, 2024, the Company had cash and cash equivalents of $18 and shareholders' deficiency of $196. Management expects the Company to continue to generate operating losses.

Management plans to address these conditions by raising funds through its parent company, Viewbix Inc. (see note 7) and by generating larger volumes of revenues. However, there is no assurance such funding will be available to the Company or that it will be obtained on terms favorable to the Company or will provide the Company with sufficient funds to meet its objectives, or that the Company will successfully generate sufficient revenue to meet its objectives.

Such conditions raise substantial doubts about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of assets, carrying amounts or the amount and classification of liabilities that may be required should the Company be unable to continue as a going concern.

**NOTE 2: SIGNIFICANT ACCOUNTING POLICIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Basis of Presentation and Principles of Consolidation:**

The accompanying financial statements include the accounts of the Company and its wholly owned subsidiaries and were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). All intercompany accounts and transactions have been eliminated in consolidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Use of Estimates**

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported of assets and liabilities and disclosure at the date of the financial statements and the reported amounts of income and expense during the reporting period. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, income taxes, deferred taxes, share-based compensation and leases. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Functional Currency and Foreign Currency Transactions**

The functional currency is the currency that best reflects the economic environment in which the Company operates and conducts its transactions. The Company's management believes that the functional currency of the Company is the U.S. dollar.

Accordingly, monetary accounts maintained in currencies other than the U.S. dollar are remeasured into U.S. dollars at each reporting period end in accordance with ASC No. 830 "Foreign Currency Matters." All transaction gains and losses of the remeasured monetary balance sheet items are reflected in the statements of operations as financing income or expenses as appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Cash and cash equivalents**

The Company considers all short-term investments, which are highly liquid investments with original maturities of three months or less at the date of purchase, to be cash equivalents.

**METAGRAMM SOFTWARE LTD.**

**<u>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</u>**

**U.S. dollars in thousands**

**NOTE 2: SIGNIFICANT ACCOUNTING POLICIES (Cont.)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Fixed assets**

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line basis over the estimated useful lives, at the following annual rate:

---

| | |
|:---|:---|
|  | **%** |
| Computers and office furniture | 33 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Revenue Recognition**

As described in note 1.A, the Company generates revenues from licensing its products on a subscription basis to business and individual customers. These subscription services revenues are measured according to the ASC 606, "Revenue from Contracts with Customers" ("ASC 606").

Subscription services revenue is generated from fees charged to customers for access to the Company's writing solution. The performance obligation is satisfied ratably over the contract period as the service is provided, commencing when the subscription service is made available to the customer. The Company's contracts with customers are generally for a term of 12 months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**G. Research and development expenses**

Research and development costs are charged to the statements of operations as incurred, except for certain costs relating to internally developed software, which are capitalized.

The Company capitalizes certain internal**-**use software development costs, consisting of direct subcontractors' costs associated with creating the internally developed software. Software development projects generally include three stages: (i) the preliminary project stage (all costs expensed as incurred); (ii) the application development stage (costs are capitalized) and (iii) the post implementation/operation stage (all costs expensed as incurred).

The costs capitalized in the application development stage primarily include the costs of designing the application, coding and testing of the system. Capitalized costs are amortized using the straight-line method over the estimated useful life of the software, once it is ready for its intended use.

The Company believes that the straight-line recognition method best approximates the manner in which the expected benefit will be derived. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.

The Company didn't capitalize internal-use software development costs during the year 2024.

**METAGRAMM SOFTWARE LTD.**

**<u>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</u>**

**U.S. dollars in thousands**

**NOTE 2: SIGNIFICANT ACCOUNTING POLICIES (Cont.)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**H. Intangible assets, other than goodwill**

Intangible assets with a finite useful life are amortized in a straight line over their estimated useful life subject to impairment testing. A change in the estimated useful life of an intangible asset with a finite useful life is treated prospectively.

The useful life used to amortize intangible assets with a finite useful life is at the following annual rate:

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| | |
|:---|:---|
|  | **%** |
| Internal**-**use software | 33 |

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**NOTE 3: PROPERTY AND EQUIPMENT, NET**

**Composition:**

---

| | |
|:---|:---|
|  | **As of<br> December 31,** |
|  | **2024** |
| Cost: |  |
| Computers and peripheral equipment | $111 |
| Office furniture | $1 |
| Total cost | $112 |
| Less: accumulated depreciation | (110) |
| Property and equipment, net | 2 |

---

Depreciation expenses totaled $37 for the year ended December 31, 2024.

**NOTE 4: INTANGIBLE ASSETS, NET**

---

| | |
|:---|:---|
|  | **Internal-use<br> Software** |
| **Balance as of January 1, 2024** | 196 |
| Amortization recognized during the year | (73) |
| **As of December 31, 2024** | 123 |

---

**METAGRAMM SOFTWARE LTD.**

**<u>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</u>**

**U.S. dollars in thousands**

**NOTE 5: SHAREHOLDERS LOAN**

On April 2, 2023, the Company entered into an agreement with Xylo Technologies Ltd. ("Xylo"). Pursuant to the agreement, the Company allocated to Xylo 133,243 ordinary shares, representing 19.99% of the Company's ordinary shares following the allocation date.

In consideration of the Company's ordinary shares allocation, Xylo provided to the Company: (a) Xylo's ordinary shares in the amount of $250 (b) shareholder loan in the amount of $250 ("Xylo Loan").

The Xylo Loan bears non-compounding annual interest at a rate of 6% from the date of issuance until full repayment of the Xylo Loan and/or the Shareholder Loans, together with any accrued interest (see also note 7).

On May 30, 2024, the Company entered into a loan agreement with Pure Capital Ltd. according to which the Company received during 2024 a loan of $55 with a term of 24 months ("Pure Loan"). The loan bears non-compounding annual interest at a rate of 6% and will be repaid in a single lump-sum payment along with the accrued interest at the end of the term (see note 7).

**NOTE 6: ADDITIONAL INFORMATION REGARDING PROFIT AND LOSS ITEMS**

**Composition:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Research and development expenses:**

---

| | |
|:---|:---|
|  | **For the year ended<br>December 31,** |
|  | **2024** |
| Professional services and subcontractors | $55 |
| Cloud services and maintenance costs | 116 |
|  | $171 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Selling and marketing expenses:**

---

| | |
|:---|:---|
|  | **For the year ended<br>December 31,** |
|  | **2024** |
| Advertising and marketing expenses | $60 |
| Other | 2 |
|  | $62 |

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**C**. **General and administrative expenses:**

---

| | |
|:---|:---|
|  | **For the year ended<br> December 31,** |
|  | **2024** |
| Salaries and related expenses | $51 |
| Professional services | 5 |
| Other | 25 |
|  | $81 |

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**METAGRAMM SOFTWARE LTD.**

**<u>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</u>**

**U.S. dollars in thousands**

**NOTE 7: SUBSEQUENT EVENTS**

---

| |
|:---|
| On March 24, 2025 (the "Closing Date"), the Company's shareholders entered into a securities exchange agreement with Viewbix Inc. ("Viewbix"), a company incorporated in the State of Delaware (the "Viewbix Agreement"). Pursuant to the Viewbix Agreement, Viewbix acquired 100% of the Company's shares in exchange for consideration of $5,159. The consideration was paid to the Company's shareholders in the form of 1,323,000 shares of common stock of Viewbix, representing 19.99% of Viewbix's issued and outstanding share capital immediately following the acquisition. |
| In addition, the Company agreed to pay Metagramm's shareholders cash earn-out payments on a pro rata basis of up to a cumulative sum of $2.0 million, contingent on achieving certain financing and revenue milestones within 3 years following the Closing Date. |
| As part of the Viewbix Agreement, the Xylo Loan, the Pure Loan, and the related party balances were converted into 51,877 ordinary shares of the Company prior to the Closing Date. |

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