SilverBox Corp IV signs definitive merger with Parataxis Holdings; Edward Chin gets 80% voting power

SilverBox Corp IV

Base enterprise value of $100M; exchange ratio derived from $10 per unit, with additional adjustment for Bitcoin price appreciation.
Key holder Edward Chin receives Pubco Class C shares with 80% voting power until his ownership falls below 25%.
Up to 7.5M earnout shares vest upon Pubco stock reaching $12.50 or $15.00 VWAP over 20 days in 30-day period within 5 years.
Company will use net proceeds from Preferred Equity Investment to purchase Bitcoin, held at Anchorage Digital custodian.
Closing conditions include minimum $25M net cash, Nasdaq listing, shareholder approval, and no material adverse change.

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