Blackboxstocks’ Strategic Investments and Acquisition Moves

An announcement from Blackboxstocks (BLBX) is now available.

Blackboxstocks Inc. sold 312,500 shares of its common stock for $1.25 million, with significant purchases made by its CEO and Quadrofoglio Holdings LLC. Concurrently, Blackboxstocks loaned $1.15 million to Evtec Aluminium Limited, which can be converted into 3.2% of Evtec’s shares, implying Evtec’s valuation at over $48 million. Additionally, Blackboxstocks amended its Share Exchange Agreement with Evtec to update warrant terms and the share exchange ratio, reflecting the company’s acquisition strategy to make Evtec a wholly-owned subsidiary. The transactions are announced via a press release and rely on specific securities exemptions.

See more data about BLBX stock on TipRanks’ Stock Analysis page.