Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
REALLOYS INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Blackboxstocks amended the Five Narrow Lane debenture financing upward, increasing the available principal to $550,000 (initial) and $2.3 million (additional).
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.
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.
REALLOYS INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
REALLOYS INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
REALLOYS INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Amendment No. 1, carrying a 3 July 2024 first amendment to the exchange agreement: the ratio fell from 301.8 to 294.14 shares per Evtec share, lifting Blackboxstocks holders from 26.8% to 29.4% of the combined group, and the deadline to complete moved from 30 June to 31 July 2024. It also disclosed for the first time that Kepler's preferred stock would carry 96.6% of the combined company's votes against 2.5% for Evtec's shareholders, and added a warning that the contingent value right runs only 24 months with no guarantee of any payout or that Blackbox.io will ever be publicly traded.
3 July 2024capital raising announcement● NeutralMajor
Blackboxstocks raised $1.25 million selling stock to CEO Gust Kepler and Quadrofoglio Holdings, then turned around and loaned $1.15 million of it to Evtec Aluminium at 12% interest -- the UK EV-parts maker it was then pursuing as a reverse-merger partner, a deal it would later abandon.
