Bankruptcy: Viewbix Inc.

Form Type: 8-K

Filing Date: 2025-03-31

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000164117225001491

Filing Summary: On March 27, 2025, Viewbix, Inc. filed a petition with the District Court of Tel Aviv-Jaffa seeking to commence insolvency proceedings under the Insolvency and Economic Rehabilitation Law against its wholly-owned subsidiary, Gix Media Ltd. The petition was filed by a primary service provider asserting that Gix Media owes approximately $260,000 and cannot repay its debts. The petition requests the court to appoint a trustee to manage the insolvency proceedings, liquidate Gix Media's assets to pay debts, and freeze any legal actions against Gix Media. As of March 31, 2025, Gix Media has outstanding loans from a banking corporation which may be called due due to the insolvency filing. The proceedings are currently in a preliminary stage with no hearings yet held and no response from Gix Media, leaving the potential impact on Viewbix, Inc.'s business uncertain.

Document Link: View Document