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Optibase, Ltd. to Acquire Viewgraphics, Inc.

January 04, 2021 | Optibase, Ltd. has announced that it has signed definitive agreements to acquire Viewgraphics, Inc. Optibase?s board of directors has approved the agreements. Under the terms of the agreement, Optibase will first purchase all of Viewgraphics? intellectual property, and then acquire all of the company?s outstanding shares, options, and warrants. The aggregate consideration will amount to approximately $30 million in cash, and 1.37 million newly issued shares of Optibase?s common stock. Optibase will also assume the unvested options of Viewgraphics. When completed, Viewgraphics will operate as a wholly owned subsidiary of Optibase, Inc.

(Optibase, Inc., 3031 Tisch Way, Plaza West, Suite 1, San Jose, CA 95128; 800/451-5101, 408/260-6760; Fax 408/244-0545; http://www.optibase.com. Viewgraphics, Inc., 1250 Space Park Way, Mountain View, CA 94043; 650/903-4900; Fax 650/969-6388; http://www.viewgraphics.com)

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