26 June 2026capital raising announcement▲ GoodMajor
REalloys closed the $100 million private placement announced two days earlier.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 June 2026capital raising announcement▲ GoodMajor
Now rebranded as REalloys after its rare-earth reverse merger, the company agreed to raise about $100 million in a private placement of 7 million shares at $14.25 each -- a dramatically larger and higher-priced raise than any of its Blackboxstocks-era financings, funding the new mine-to-magnet business.
What it means for a shareholder
7.0m new shares at US$14.25 to raise about US$100m. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held US$1,000 of shares (70 at the issue price), your slice goes from 0.000115% to 0.000103% of the company. To keep it you'd need 8 more shares - about US$114 at the issue price.
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22 May 2026material agreement▲ GoodMajor
REalloys signed a 15-year offtake agreement securing 15% of Phase 1 production from Critical Metals Corp's Tanbreez heavy-rare-earth project in Greenland, locking in feedstock for its planned separation and magnet-manufacturing operations.
6 May 2026material agreement● Neutral
Former Blackboxstocks CEO Gust Kepler exercised his option to trade his REalloys preferred shares for full ownership of Blackbox.io, the legacy fintech business spun out in the REalloys merger, exiting his equity stake in the combined rare-earth company.
20 Apr 2026auditor change● Neutral
REalloys dismissed its auditor, Victor Mokuolu CPA PLLC, with no reported disagreements over its 2024-2025 audits.
9 Mar 2026material agreement▲ GoodMajor
Newly renamed REalloys priced an upsized $50 million public stock offering at $18.50 per share, its first capital raise as a rare-earth company.
25 Feb 2026business combination▲ GoodMajor
Blackboxstocks completed its merger with REalloys, renaming itself REalloys Inc. and switching its Nasdaq ticker to ALOY; existing shareholders received one contingent value right per share tied to the legacy fintech business now spun into Blackbox.io, while the combined company relaunched as a vertically integrated, defense-focused heavy rare earth platform.
24 Feb 2026business combination● Neutral
Blackboxstocks filed a final registration statement to cover additional shares needed to complete the REalloys merger, which closed later that same day.
15 Jan 2026business combination● Neutral
Amendment No. 9 postponed the Blackboxstocks meeting a second time, from 23 to 30 January 2026, and pushed the written-consent deadline with it. A sentence-level comparison against the previous version turns up nothing else: every change is the new date or arithmetic that follows from it, with the exchange ratio still 0.3694.
8 Jan 2026business combination▲ GoodMajor
Amendment No. 8 put the special meeting back a week to 23 January 2026, but the substantive change was on the ground in Saskatchewan: REalloys' relationship with the Saskatchewan Research Council moved from "in discussions, no assurance of a definitive agreement" to signed commercial framework agreements giving it priority offtake and rights of first refusal over the council's expanded separation capacity, in return for REalloys funding part of that expansion. Scope and budget are still to be agreed and the expanded plant is not due to be commissioned until the second quarter of 2026. The assumed exchange ratio held at 0.3694.
30 Dec 2025business combination▲ GoodMajor
Amendment No. 7 reversed the direction of the proposed split: the range changed from 1-for-0.8 to 1-for-0.67, which would have increased the share count, to 1-for-2 to 1-for-5, consistent with the stated aim of lifting the price to at least $4.00. It also confirmed the vote is effectively pre-decided -- Kepler has signed a support agreement and holders of at least 50.1% of REalloys' stock have signed theirs -- while the assumed exchange ratio eased again to 0.3694, taking the shares issuable to REalloys holders to about 46.3 million and the Series C preferred to about 5,398.
18 Dec 2025business combination● NeutralMajor
Amendment No. 6 filled in the blanks and set the timetable: a 19 December 2025 record date, 4,305,133 Blackboxstocks common and 3,269,998 supervoting preferred shares outstanding, roughly 46.0 million new shares and about 5,000 Series C preferred to be issued at an assumed ratio of 0.3856, a special meeting for 16 January 2026 and a new Nasdaq ticker "REA". It also disclosed that REalloys had signed a services agreement with Leonard Sternheim as its chief executive on 12 December, and that a July 2025 amendment had raised the financing threshold triggering payment of David Argyle's consulting fees from $5 million to $20 million.
11 Dec 2025business combination● Neutral
Blackboxstocks and REalloys made a third amendment to their merger agreement, rewriting the option agreement that will govern a later swap of legacy Blackbox.io equity.
11 Dec 2025business combination▲ GoodMajor
Amendment No. 5 is where the real news sits: REalloys disclosed a non-binding letter of interest from the US Export-Import Bank for up to $200 million of project financing on terms of up to 15 years, open until 14 October 2026 and subject to diligence and definitive documents, and named Stephen duMont, lately president of GM Defense and previously at Raytheon and BAE, to the incoming board. It also carries a third merger-agreement amendment dated 10 December 2025 replacing the form of option agreement under which Kepler's supervoting preferred is redeemed into preferred of the spun-out legacy business, and the assumed exchange ratio slipped back from 0.4204 to 0.3940.
2 Oct 2025business combination▼ Bad
Amendment No. 4 pushed the assumed closing date out from 30 June to 15 November 2025, four and a half months of slippage, and moved the assumed exchange ratio up from 0.3916 to 0.4204. The share-incentive-plan proposal was dropped from the Blackboxstocks special-meeting ballot, leaving the Nasdaq share-issuance, reverse-split and authorised-share proposals.
25 Aug 2025business combination● Neutral
Amendment No. 3 carries a second merger-agreement amendment dated 22 August 2025, entered into to rewrite the definition of "Permitted Transfer" in the contingent value right agreement -- the terms on which Blackboxstocks holders may move the rights they keep over the legacy trading business. It also fixed the consent record date to fall after any reverse split rather than before it. The assumed exchange ratio stayed at 0.3916.
22 Aug 2025business combination● Neutral
Blackboxstocks and REalloys made a second, technical amendment to their merger agreement, revising the transfer rules for the contingent value rights Blackbox shareholders will receive.
2 July 2025business combination● Neutral
Amendment No. 2 carries a 1 July 2025 first amendment to the merger agreement, which lets Blackboxstocks sell up to 250,000 shares in an at-the-market offering without those shares counting against the merger consideration -- a small funding valve for a company running on bridge debentures. The assumed exchange ratio stayed at 0.3916.
2 July 2025material agreement● Neutral
Blackboxstocks set up an at-the-market equity sales agreement with Alexander Capital to sell up to $5.8 million of stock, the offering carved out under its amended REalloys merger agreement.
1 July 2025business combination● Neutral
Blackboxstocks and REalloys amended their merger agreement to let Blackbox raise cash through a small at-the-market stock sale without diluting the exchange ratio REalloys shareholders would receive.
3 June 2025business combination● Neutral
Amendment No. 1 put a price on the preferred leg for the first time: REalloys' Series X preferred, stated value $1,000 a share, converts one-for-one into new Blackboxstocks Series C preferred with a stated value of $3,000 a share. It also first published an assumed exchange ratio of 0.3916 Blackboxstocks shares per REalloys share, and narrowed the expected tax treatment to a Section 368(a) reorganisation, dropping the alternative "tax deferred contribution" wording.
14 Apr 2025business combination● NeutralMajor
With Evtec gone, Blackboxstocks registered the shares for a reverse takeover by REalloys, which is assembling a North American rare-earth-to-magnet supply chain around the Hoidas Lake deposit in Saskatchewan. REalloys holders would hold about 92.7% of the combined company fully diluted against 7.3% for Blackboxstocks' own holders; the exchange ratio was left as a formula to be fixed later, REalloys' $38.0 million of acquisition warrants and $2.82 million of SAFEs convert at the closing share price, and REalloys president Leonard Sternheim agreed to buy 1,634,999 of Kepler's supervoting preferred shares, so voting control passes with the deal.
10 Mar 2025business combination▲ GoodMajor
Just seven weeks after the Evtec deal collapsed, Blackboxstocks signed a new definitive merger agreement to acquire REalloys Inc., a rare-earth company anchored by the Hoidas Lake deposit in Saskatchewan, in a reverse merger valuing REalloys at about $400 million with existing Blackbox holders retaining roughly 7.3% of the combined company.
4 Feb 2025capital raising announcement▼ Bad
Blackboxstocks amended the Five Narrow Lane debenture financing upward, increasing the available principal to $550,000 (initial) and $2.3 million (additional).
22 Jan 2025capital raising announcement▼ Bad
With the Evtec merger having fallen through, Blackboxstocks turned to secured convertible debenture financing, agreeing to sell Five Narrow Lane LP $250,000 of initial debentures plus up to $2 million more -- bridge-style financing while it searched for its next path forward.
22 Jan 2025listing compliance notice▼ Bad
REALLOYS INC. withdrew a registration statement, abandoning the offering it covered.
17 Jan 2025material agreement termination▼ BadMajor
Blackboxstocks and Evtec Aluminium mutually terminated their merger agreement after more than a year of delays, ending the reverse-merger plan and sending Blackboxstocks looking for a new strategic transaction.
16 Jan 2025listing compliance notice▼ Bad
Nasdaq gave Blackboxstocks 45 days to submit a plan to regain compliance after the company missed its 2024 annual meeting deadline.
7 Jan 2025listing compliance notice▼ Bad
Blackboxstocks fell further out of Nasdaq compliance, disclosing it had missed the deadline to hold its 2024 annual stockholders meeting.
26 Dec 2024auditor change● Neutral
Blackboxstocks dismissed its longtime auditor, Turner, Stone & Company, with no reported disagreements.