Brief: Blackboxstocks Signs Definitive Agreement To Acquire Evtec Aluminium

REalloys

13/12/2023 15:33

Dec 13 (Reuters) - Blackboxstocks Inc  BLBX.O :
    * BLACKBOXSTOCKS, INC. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
EVTEC
ALUMINIUM, SUPPLIER OF PROPRIETARY PARTS FOR THE EV, HYBRID, AND
PERFORMANCE AUTOMOTIVE MARKET, WITH PROJECTED REVENUE OF US$52
MILLION FOR FISCAL YEAR ENDING JUNE 30, 2024
    * BLACKBOXSTOCKS INC - TRANSACTION EXPECTED TO CLOSE IN Q1
2024
    * BLACKBOXSTOCKS - CO'S STOCKHOLDERS TO RETAIN 26.7% OF
COMBINED
CO'S 12 MILLION COMMON SHARES POST-MERGER
    * BLACKBOXSTOCKS INC: EVTEC WILL APPOINT THREE NEW
INDEPENDENT
DIRECTORS TO COMPANY'S BOARD
    * BLACKBOXSTOCKS INC -  BLACKBOX STOCKHOLDERS TO RECEIVE A
CONTINGENT VALUE RIGHT FOR CURRENT BLACKBOX FINTECH OPERATIONS
    * BLACKBOXSTOCKS INC - DAVID ROBERTS WILL ASSUME ROLES OF
CHAIRMAN
AND CEO OF PARENT COMPANY POST-CLOSING
    * BLACKBOXSTOCKS INC - EVTEC WILL APPOINT THREE NEW
INDEPENDENT
DIRECTORS TO COMPANY'S BOARD
    * BLACKBOXSTOCKS INC: GUST KEPLER WILL CONTINUE TO SERVE AS
CEO OF
BLACKBOX FINTECH OPERATIONS
    * BLACKBOXSTOCKS INC - ROBERT WINSPEAR WILL REMAIN A
DIRECTOR AND
CFO OF PARENT COMPANY, ALL POST-CLOSING

Source text for Eikon:  urn:newsml:reuters.com:*:nBw7LwKZxa
Further company coverage:  BLBX.O 

 ((Reuters.Briefs@thomsonreuters.com;))