# EDGAR Filing Document

**Accession Number:** 0000797542
**File Stem:** 0001493152-23-002134
**Filing Date:** 2023-1
**Character Count:** 9525
**Document Hash:** 65fa6a8d5abc9894a0e487afc1a12b24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-002134.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001493152-23-002134

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230123

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-15746
- **FILM NUMBER:** 23542731

**BUSINESS ADDRESS:**
- **STREET 1:** 14 ARYEH SHENKAR STREET
- **CITY:** HERZLIYA
- **STATE:** L3
- **ZIP:** 4672514
- **BUSINESS PHONE:** 855-879-8439

**MAIL ADDRESS:**
- **STREET 1:** 14 ARYEH SHENKAR STREET
- **CITY:** HERZLIYA
- **STATE:** L3
- **ZIP:** 4672514

**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="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

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

Date of report (date of earliest event reported): January 23, 2023

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

(Exact Name of Registrant as Specified in its Charter)

Commission File No.: 000-15746

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

<u>11 Derech Menachem Begin Street, Ramat Gan,</u> <u>5268104</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. ☐

**Item 8.01** **Other Events.**

On January 23, 2023, Viewbix Inc. (the "Company") issued a press release announcing that Gix Media Ltd., the wholly-owned subsidiary of the Company, increased its holdings in Cortex Media Group to 80% following a second acquisition of its share capital.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press release, dated January 23, 2023.](ex99-1.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: January 23, 2023

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Viewbix: Gix Media Increases Holdings in Cortex Media Group to 80% of its Share Capital**

**Viewbix's CEO: "Our acquisitions in Cortex have allowed us to benefit from the positive trends in Cortex's content activity, along with Cortex's excellent financial results and, accordingly, its impact on Viewbix's financial statements"**

 

Ramat Gan, Israel, January 23, 2023 – Viewbix Inc. (OTC: VBIX) ("Viewbix" or the "Company"), a global developer of Mar-Tech and Ad-Tech innovative technologies, today announced that Gix Media Ltd. ("Gix Media"), its wholly-owned subsidiary, acquired an additional 10% of Cortex Media Group Ltd. ("Cortex"), a digital publishing company, increasing its holdings to 80% of the share capital of Cortex on a fully diluted basis (the "Subsequent Purchase").

The Subsequent Purchase was completed at a valuation of Cortex of approximately $27 million in exchange for consideration consisting of $2.7 million in cash.

The Subsequent Purchase follows Gix Media's initial purchase of 70% of Cortex's share capital in October 2021 (the "Initial Purchase"). At the Initial Purchase, Cortex was valued at $16 Million and the increase in Cortex's current valuation is primarily due to an increase in its results and activity and its improved financials.

During the period following Gix Media's Initial Purchase, Gix Media's revenues grew by 176% to $66.1 million during the nine months ending September 30, 2022, as compared to the same period in 2021.

Gix Media intends to finance the Subsequent Purchase through both cash and the expansion of a $1.5 million bank loan.

Amihay Hadad, Viewbix's CEO: "We are excited to increase our ownership in Cortex, which thus far has proven itself to be a valuable and worthwhile investment for both Viewbix and Gix Media. Our acquisitions in Cortex have allowed us to benefit from the positive trends in Cortex's content activity, along with Cortex's excellent financial results and, accordingly, its impact on Viewbix's financial statements. We fully realize the valuable opportunity in the field of content, and we are working to expand our presence in this growing sector, including through the optimization of additional languages and platforms, a process which we commenced last year".

**About Viewbix Inc.**

Viewbix, through its subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., operates in the field of digital advertising. The Group has two main activities search and digital content. The search 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. The digital content is engaged in the creation and editing of content, in different languages, for different target audiences, for the purposes of generating revenues from leading advertising platforms, including Google, Facebook, Yahoo and Apple, by utilizing such content to obtain internet user traffic for its advertisers. Viewbix's technological tools allow advertisers and website owners to earn more from their advertising campaigns and generate additional profits from their websites.

For more information about Viewbix, visit https://corp.viewbix.com

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when discussing the anticipated benefit of its continued acquisitions of Cortex's share capital. Because such statements deal with future events and are based on Viewbix's current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the SEC. Except as otherwise required by law, Viewbix undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Viewbix is not responsible for the contents of third-party websites.

**INVESTOR RELATIONS CONTACTS:**

Michal Efraty

Investor Relations, Israel

+972-(0)52-3044404<br> <u>michal@efraty.com</u>