v3.26.1
FINANCIAL INSTRUMENTS AT FAIR VALUE
 6 Months Ended
Jun. 30, 2026
Investments, All Other Investments [Abstract]  
FINANCIAL INSTRUMENTS AT FAIR VALUE

NOTE 8: FINANCIAL INSTRUMENTS AT FAIR VALUE

 

Financial instruments:

 

The Company has level 3 financial instruments that were recognized at fair value upon initial recognition of each financial instrument and subsequently measured at fair value at each balance sheet date, consisting of: (i) the earn-out liability arising from the Metagramm Acquisition (see note 6.B); and (ii) embedded derivatives arising from the June 2024 Facility Agreement, the First July 2024 Facility Agreement and the Second July 2024 Facility Agreement (see notes 7.D, 7.E, 7.F).

 

On June 5, 2025, following the Uplist, the Company converted all embedded derivatives into equity. Prior to the conversion, and as of the Uplist Date, these embedded derivatives were measured at their intrinsic value through profit or loss.

 

The following table presents the financial instruments that were measured at fair value through profit or loss:

 

   Earn-out liability 
Balance as of January 1, 2026   793 
Earn-out payable amounts upon achieving financing milestone in connection with Metagramm Acquisition (see notes 6.B, 10.D)   (67)
Balance as of June 30, 2026   726 

 

  

Embedded

derivatives

   Earn-out liability 
         
Balance as of January 1, 2025   29    - 
Earn-out liability recorded in connection with Metagramm Acquisition (see note 6.B)   -    1,010 
Earn-out payable amounts upon achieving financing milestone in connection with Metagramm Acquisition (see note 6.B)   -    (201)
Net changes at fair value recognized through profit or loss   10,121    (16)
Embedded derivatives converted to equity   (10,150)   - 
Balance as of December 31, 2025   -    793 

 

 

QUANTUM X LABS INC. (formerly known as Viewbix Inc.)

NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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