SilverBox Corp IV Announces Merger Agreement
Ticker: SBXD-WT · Form: 8-K · Filed: Oct 4, 2024 · CIK: 2015947
| Field | Detail |
|---|---|
| Company | Silverbox Corp IV (SBXD-WT) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: merger, spac, warrants, shares
TL;DR
SilverBox Corp IV is merging, expect shares and warrants to trade on the news.
AI Summary
SilverBox Corp IV announced on October 4, 2024, that it has entered into a definitive agreement to merge with a target company. The filing details the structure of the transaction, including the issuance of Class A ordinary shares and redeemable warrants. The exercise price for each warrant is set at $11.50.
Why It Matters
This 8-K filing signals a significant corporate event for SilverBox Corp IV, potentially leading to a change in its business operations and market position upon completion of the merger.
Risk Assessment
Risk Level: medium — Mergers and acquisitions carry inherent risks, including integration challenges, regulatory approvals, and potential changes in market conditions that could impact the deal's success.
Key Numbers
- $11.50 — Warrant Exercise Price (This is the price at which holders can exercise their warrants to purchase Class A ordinary shares.)
Key Players & Entities
- SilverBox Corp IV (company) — Registrant
- October 4, 2024 (date) — Date of earliest event reported
- $11.50 (dollar_amount) — Exercise price for redeemable warrants
FAQ
What is the nature of the definitive agreement announced by SilverBox Corp IV?
SilverBox Corp IV announced a definitive agreement for a merger, as indicated by the filing of Form 8-K on October 4, 2024.
What are the components of the units being issued by SilverBox Corp IV?
The units consist of one Class A ordinary share with a par value of $0.0001 and one-third of one redeemable warrant.
What is the exercise price for the redeemable warrants?
Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 4, 2024.
What is the standard industrial classification for SilverBox Corp IV?
The standard industrial classification for SilverBox Corp IV is listed as 'BLANK CHECKS [6770]'.
Filing Stats: 651 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-10-04 09:15:10
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
- tm2425601d1_8k.htm (8-K) — 37KB
- tm2425601d1_ex99-1.htm (EX-99.1) — 7KB
- 0001104659-24-106135.txt ( ) — 276KB
- sbxd-20241004.xsd (EX-101.SCH) — 4KB
- sbxd-20241004_def.xml (EX-101.DEF) — 27KB
- sbxd-20241004_lab.xml (EX-101.LAB) — 37KB
- sbxd-20241004_pre.xml (EX-101.PRE) — 26KB
- tm2425601d1_8k_htm.xml (XML) — 8KB
01
Item 8.01. Other Events On October 4, 2024, SilverBox Corp IV (the " Company ") announced that the holders of the Company's units sold in the Company's initial public offering (the " Units ") may elect to separately trade the Class A ordinary shares, par value $0.0001 per share (the " Class A ordinary shares "), and redeemable warrants included in the Units commencing on October 7, 2024. Each Unit consists of one Class A ordinary share and one-third of one redeemable warrant to purchase one Class A ordinary share. Any Units not separated will continue to trade on the New York Stock Exchange (" NYSE ") under the symbol "SBXD.U". Any underlying Class A ordinary shares and warrants that are separated will trade on the NYSE under the symbols "SBXD" and "SBXD WS", respectively. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the holders' Units into Class A ordinary shares and warrants. A copy of the press release issued by the Company announcing the separate trading of the securities underlying the Units is attached hereto as Exhibit 99.1.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release dated October 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. SILVERBOX CORP IV Date: October 4, 2024 By: /s/ Stephen M. Kadenacy Stephen M. Kadenacy Chief Executive Officer