SilverBox Corp IV Files 8-K: Director Changes & Unit Details

TL;DR

SilverBox Corp IV 8-K: Director shuffle and unit details filed 9/23.

AI Summary

SilverBox Corp IV, a blank check company, filed an 8-K on September 23, 2024, reporting changes in its directors and officers, and updates to compensatory arrangements. The filing also details the structure of its units, each consisting of one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50.

Why It Matters

This filing provides insight into the corporate governance and operational structure of SilverBox Corp IV, a special purpose acquisition company (SPAC), which is crucial for investors tracking its progress towards a business combination.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure regarding board and officer changes and unit structure, with no immediate financial implications or significant new risks.

Key Numbers

• 1/3 — Warrants per Unit (Each unit includes one-third of a redeemable warrant.)
• 11.50 — Warrant Exercise Price (The price at which a warrant can be exercised for a Class A ordinary share.)

Key Players & Entities

• SilverBox Corp IV (company) — Registrant
• September 23, 2024 (date) — Date of earliest event reported
• 11.50 (dollar_amount) — Redeemable warrant exercise price

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
• $625 million — up to a business with annual revenue of $625 million in 2023. Mr. Seaton began his career in

Filing Documents

• tm2424552d1_8k.htm (8-K) — 38KB
• 0001104659-24-102119.txt ( ) — 268KB
• sbxd-20240923.xsd (EX-101.SCH) — 4KB
• sbxd-20240923_def.xml (EX-101.DEF) — 27KB
• sbxd-20240923_lab.xml (EX-101.LAB) — 37KB
• sbxd-20240923_pre.xml (EX-101.PRE) — 26KB
• tm2424552d1_8k_htm.xml (XML) — 8KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective September 23, 2024, the Board of Directors (the "Board") of SilverBox Corp IV (the "Company") appointed Reed Seaton to the Board as a director of the Company. Mr. Seaton was appointed as a member of the Board's Nominating and Corporate Governance Committee, the Board's Compensation Committee and the Board's Audit Committee. Reed J. Seaton, age 63, has been a leader and innovator in the sports construction sector for over 40 years. Mr. Seaton currently serves as a managing partner of his family office, Seaton Asset L.P., established in 2023, where he invests in emerging businesses and provides seed capital to SaaS technology, alternative energy, construction, healthcare, and agricultural start-ups. In November 2003 Mr. Seaton founded Hellas Construction, Inc. ("Hellas"), a large vertically integrated sports surfacing and construction company based in Austin, Texas, where he served as President and CEO until May 2024. During his tenure as President and CEO of Hellas, Mr. Seaton partnered with K-12, collegiate and NFL teams, as well as European football clubs providing high quality and safe playing surfaces to athletes both in the United States and internationally and grew the business from a start-up to a business with annual revenue of $625 million in 2023. Mr. Seaton began his career in 1981 by moving to Austin and taking over track production operations at Ritche Corp. In 1984, he purchased Ritche Corp and renamed it Southwest Track Builders, serving as CEO until 1989. In 1989, Southwest Track Builders was purchased by American Sports Products Group ("ASPG") and Mr. Seaton subsequently served as the CEO of ASPG from 1996 to 2002. Mr. Seaton has served on the Boards of ASPG, Sport Court Inc., American Athletics, Astroturf Industries, Trussway, Inc., and Tencate Grass Holdings Group. Mr. Seaton is

View Full Filing

View this 8-K filing on SEC EDGAR