SilverBox Corp IV Files 10-Q for Q2 2024

TL;DR

SilverBox Corp IV 10-Q filed. Q2 2024 financials out. Check APIC & Retained Earnings.

AI Summary

SilverBox Corp IV filed its 10-Q for the period ending June 30, 2024. The company, classified under Blank Checks, reported financial activities related to its IPO and subsequent private placements. Key financial statement items like Additional Paid-In Capital and Retained Earnings were detailed for periods including April 15, 2024, and June 30, 2024.

Why It Matters

This filing provides investors with an update on SilverBox Corp IV's financial position and activities during the second quarter of 2024, crucial for understanding its ongoing operations and potential future business combinations.

Risk Assessment

Risk Level: medium — As a blank check company, its future success is highly dependent on identifying and completing a business combination, introducing inherent uncertainty.

Key Numbers

• $5000000 — IPO Related Amount (Potentially related to IPO proceeds or expenses)
• 0.33 — Ratio/Percentage (Appears in relation to IPO and other financial metrics)

Key Players & Entities

• SilverBox Corp IV (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 6770 (dollar_amount) — SIC code for Blank Checks
• 2024-08-19 (date) — Date of subsequent events including private placements

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-third of one redeema
• $11.50 — ordinary share at an exercise price of $11.50 SBXD WS New York Stock Exchange LLC

Filing Documents

• sbxc-20240630x10q.htm (10-Q) — 404KB
• sbxc-20240630xex31d1.htm (EX-31.1) — 12KB
• sbxc-20240630xex31d2.htm (EX-31.2) — 12KB
• sbxc-20240630xex32d1.htm (EX-32.1) — 6KB
• sbxc-20240630xex32d2.htm (EX-32.2) — 6KB
• 0001410578-24-001613.txt ( ) — 2738KB
• sbxc-20240630.xsd (EX-101.SCH) — 37KB
• sbxc-20240630_cal.xml (EX-101.CAL) — 11KB
• sbxc-20240630_def.xml (EX-101.DEF) — 152KB
• sbxc-20240630_lab.xml (EX-101.LAB) — 241KB
• sbxc-20240630_pre.xml (EX-101.PRE) — 220KB
• sbxc-20240630x10q_htm.xml (XML) — 222KB

Financial Information

Part I. Financial Information

Interim Financial Statements

Item 1. Interim Financial Statements Unaudited Condensed Balance Sheet as of June 30, 2024 1 Unaudited Condensed Statement of Operations for the Period from April 16, 2024 (Inception) Through June 30, 2024 2 Unaudited Condensed Statement of Changes in Shareholder's Equity for the Period from April 16, 2024 (Inception) Through June 30, 2024 3 Unaudited Condensed Statement of Cash Flows for the Period from April 16, 2024 (Inception) Through June 30, 2024 4 Unaudited Notes to Condensed Financial Statements 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 17

Controls and Procedures

Item 4. Controls and Procedures 17

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 18

Risk Factors

Item 1A. Risk Factors 18

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 18

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 18

Other Information

Item 5. Other Information 18

Exhibits

Item 6. Exhibits 19

Signatures

Part III. Signatures 20 i Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements. SILVERBOX CORP IV CONDENSED BALANCE SHEET JUNE 30, 2024 (UNAUDITED) Assets Current assets Cash $ 5,915 Total current assets 5,915 Deferred offering costs 350,749 Total Assets $ 356,664 Liabilities and Shareholder's Equity Current liabilities Accrued offering costs $ 246,085 Promissory note - related party 109,239 Total Liabilities $ 355,324 Shareholder's Equity: Preference shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued or outstanding — Class A ordinary shares, $ 0.0001 par value; 200,000,000 shares authorized; none issued or outstanding — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding (1) 575 Additional paid-in capital 24,425 Accumulated deficit ( 23,660 ) Total Shareholder's Equity 1,340 Total Liabilities and Shareholder's Equity $ 356,664 (1) Includes up to 750,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter (Note 4). The over-allotment option remains open since the close of the Initial Public Offering. The accompanying notes are an integral part of the unaudited condensed financial statements. 1 Table of Contents SILVERBOX CORP IV CONDENSED STATEMENT OF OPERATIONS (UNAUDITED) For the Period from April 16, 2024 (Inception) Through June 30, 2024 General and administrative costs $ 23,660 Loss from operations ( 23,660 ) Net loss $ ( 23,660 ) Weighted average shares outstanding, Class B ordinary shares (1) 5,000,000 Basic and diluted net loss per share, Class B ordinary shares $ — (1) Excludes up to 750,000 Class B ordinary shares subject to forfeiture if the over- allotment option is not exercised in full or in part by the underwriter (Note 4). The over-allotment option remains open since the close of the Initial Public Offering. The accompanying notes

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