Blackboxstocks Inc. announced on January 17, 2025, that it entered into a Securities Purchase Agreement to secure up to $2,000,000 through senior debentures. An initial closing of $250,000 was consummated on the same day. The debentures bear interest at a rate of 7.00% per annum.
This financing is intended to provide interim capital for the company's operations and anticipated transaction expenses related to a potential merger. The Additional Debentures, totaling $2,000,000, will be funded in tranches upon the execution of a merger agreement, filing of an S-4 registration statement, and its declaration of effectiveness.
This capital infusion addresses immediate liquidity needs as the company pursues strategic alternatives. Securing this funding is a critical step in enabling the company to navigate its strategic transformation.
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