Blackboxstocks hits 11-month high on merger deal

REalloys

17/04/2023 15:11

** Fintech firm Blackboxstocks Inc's shares  BLBX.O  up 200%
at $8, hitting an 11-month high
    ** Co says it has signed a letter of intent to merge with
automobile parts supplier Evtec Group 
    ** BLBX's shareholders to retain 8.34% of the combined
company post-merger
    ** Co notes a break-up fee of $500,000 if either party
terminates the transaction before April 29
    ** Two brokerages rate the stock "buy"; their median PT is
$15.5 - Refinitiv data
    ** Stock has risen 512% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))