M&A
confidence high
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materiality 0.35
Blackboxstocks amends merger option agreement; restricts Kepler share transfers
REALLOYS INC.
- Third Amendment to Merger Agreement restates Option Agreement to reflect Series A Convertible Preferred shares held by CEO Gust Kepler.
- Stockholder cannot transfer any Series A Preferred shares without Company consent; up to 550,000 shares may convert to common stock without restriction.
- Option Consideration defined as all issued BXO Preferred Stock of Blackbox Operating held by the Company at the Option Right Closing Date.
- Adds restrictive covenants on Blackbox Operating to protect preferred stock terms until option rights may be exercised.