other material
confidence high
sentiment neutral
materiality 0.50
SilverBox Corp IV completes 20M-unit SPAC IPO; $201M held in trust
SilverBox Corp IV
- Sold 20,000,000 units at $10.00 per unit in IPO, plus 455,000 units in private placement at $10.00 each.
- Net proceeds of $201,000,000 deposited in trust account — $10.05 per public share.
- Trust funds may only be released upon business combination, shareholder vote, or failure to complete deal within 24 months.
- As of Aug 19, 2024, the company had $1.01M cash outside trust and working capital of $0.8M; no operations or target selected.
- Transaction costs totaled $13.0M, including $10.3M deferred underwriting fee.