secwatch.observer — SEC 8-K summary
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Issuer:     REALLOYS INC. (ALOY)
CIK:        0001567900
Form:       8-K/A
Filed at:   2026-05-11T22:10:43+00:00
Accession:  0001185185-26-001781
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REalloys (formerly Blackboxstocks) posts $75.6M net loss for 2025 after reverse merger close
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- Merger closed Feb 24, 2026; REalloys shareholders received 92.7% of post-close common and preferred stock.
- Revenue $800k; net loss $75.6M for 2025, driven by $55.3M non-cash stock issuance for services and $5.2M contingent consideration fair value change.
- Total assets $93.4M including $50.5M mineral properties; accumulated deficit $81.1M; cash $2.8M.
- Audited FY2024 net loss $5.4M from inception (May 20, 2024); going concern doubt cited by auditor.
- Pro forma combined balance sheet and statements of operations filed; contingent consideration liability $34.6M at Dec 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567900/000118518526001781/0001185185-26-001781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567900/000118518526001781/realloys8ka1050726.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-001781

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