BLACKBOXSTOCKS INC. Files 8-K for Material Agreement
Ticker: ALOY · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1567900
Sentiment: neutral
Topics: material-agreement, 8-K, filing
Related Tickers: BBX
TL;DR
BBX filed an 8-K on 4/18 for a new material agreement. Watch for details.
AI Summary
On April 18, 2024, BLACKBOXSTOCKS INC. entered into a material definitive agreement. The company, incorporated in Nevada with its principal executive offices in Dallas, Texas, filed an 8-K report detailing this agreement. This filing also includes financial statements and exhibits.
Why It Matters
This 8-K filing indicates a significant new agreement for BLACKBOXSTOCKS INC., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood by the market.
Key Numbers
- 001-41051 — SEC File Number (Identifies the company's filing with the SEC.)
- 45-3598066 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- BLACKBOXSTOCKS INC. (company) — Registrant
- April 18, 2024 (date) — Date of earliest event reported
- Dallas, Texas (location) — Principal executive offices
- Nevada (location) — State of incorporation
FAQ
What is the nature of the material definitive agreement entered into by BLACKBOXSTOCKS INC. on April 18, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text excerpt. Further review of the full filing is required.
What is the company's principal executive office address?
The company's principal executive offices are located at 5430 LBJ Freeway, Suite 1485, Dallas, Texas 75240.
In which state is BLACKBOXSTOCKS INC. incorporated?
BLACKBOXSTOCKS INC. is incorporated in Nevada.
What is the SEC file number for BLACKBOXSTOCKS INC.?
The SEC file number for BLACKBOXSTOCKS INC. is 001-41051.
What is the IRS Employer Identification Number for BLACKBOXSTOCKS INC.?
The IRS Employer Identification Number for BLACKBOXSTOCKS INC. is 45-3598066.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 14.2 · Accepted 2024-04-22 16:44:58
Key Financial Figures
- $0.001 — h registered Common Stock , par value $0.001 per share BLBX The NASDAQ Capital Ma
Filing Documents
- blkbx20240422_8k.htm (8-K) — 29KB
- ex_658147.htm (EX-10.1) — 89KB
- 0001437749-24-012715.txt ( ) — 266KB
- blbx-20240418.xsd (EX-101.SCH) — 3KB
- blbx-20240418_def.xml (EX-101.DEF) — 12KB
- blbx-20240418_lab.xml (EX-101.LAB) — 15KB
- blbx-20240418_pre.xml (EX-101.PRE) — 12KB
- blkbx20240422_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Contribution Agreement On December 12, 2023, Blackboxstocks, Inc., a Nevada corporation (the "Company") entered into a Share Exchange Agreement (the "Exchange Agreement") with Evtec Aluminium Limited, a company registered in England and Wales ("Evtec"), and the shareholders of Evtec. Upon the terms and subject to the satisfaction of the conditions described in the Exchange Agreement, the Company will acquire all of the issued and outstanding Evtec Ordinary Shares, with the result of Evtec becoming a wholly-owned subsidiary of the Company (the "Acquisition"). As a condition to the closing of the Acquisition (the "Closing"), the Company is required to organize a wholly-owned corporate subsidiary, Blackbox.io Inc., a Delaware corporation (the "Blackbox Operating") to hold Company legacy assets and continue the Company's legacy business operations (the "Business"). Blackbox Operating was formed on April 1, 2024 by filing a certificate of incorporation with the Delaware Secretary of State. On April 18, 2024, the Company and Blackbox Operating entered into a contribution agreement (the "Contribution Agreement") in which the Company transferred certain specified assets of the Business (the "Contributed Assets") to Blackbox Operating. In consideration for the Contributed Assets, Blackbox Operating issued to the Company 3,226,145 shares of common stock, par value $0.001 per share, of Blackbox Operating and 3,369,998 shares of Series A convertible preferred stock, $0.001 par value per share, of Blackbox Operating, free and clear of all liens (the "Blackbox Operating Equity"), and assumed certain specified liabilities of the Business (the "Assumed Liabilities"). Simultaneously with the execution of the Contribution Agreement, the Company delivered fully executed documents of conveyance to effect the contribution of the Contributed Assets and the assignment of the Assumed Liabilities to Blackbox Operating, including (i
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are filed with this Current Report on Form 8-K. Exhibits Description 10.1 Contribution Agreement between Blackboxstocks, Inc. and Blackbox.io Inc. dated April 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 22, 2024 Blackboxstocks Inc. By: /s/ Gust Kepler Gust Kepler President and Chief Executive Officer