Blackboxstocks issues 2.4M Series B preferred for Evtec stake; regains Nasdaq compliance

REALLOYS INC.

Issued 2.4M Series B Convertible Preferred shares for 4,086 newly issued Evtec preferred shares.
Transaction increases Blackbox stockholders' equity by $8.52M, above Nasdaq's $2.5M minimum requirement.
CEO Gust Kepler (majority holder) approved conversion shares exceeding Nasdaq's 19.99% threshold.
Exchange is initial step toward planned merger among Blackbox, Evtec Group, Evtec Aluminium, and Evtec Automotive.

item 1.01 item 2.01 item 3.02 item 3.03 item 5.03 item 5.07 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

REALLOYS INC.: Established Series B Convertible Preferred Stock with terms as set forth in Certificate of Designation (effective 2023-06-08).

Change: charter amendment
Effective: 2023-06-08

Exact text from the filing

On June 8, 2023, the board of directors of the Company unanimously adopted resolutions establishing and authorizing the issuance of 2,400,000 shares of a series of Company Preferred Stock to be known as the Series B Convertible Preferred Stock (the "Series B Stock") with the voting powers, designations, preferences, limitations, restrictions and relative rights set forth in a Certificate of Designation for the Series B Stock (the “Designation”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

REALLOYS INC. entered into Securities Exchange Agreement with Evtec Group Limited (effective 2023-06-09).

Action: entry
Agreement: equity purchase
Counterparty: Evtec Group Limited
Effective: 2023-06-09

Exact text from the filing

One June 9, 2023 Blackboxstocks Inc. (the “Company”) entered into a Securities Exchange Agreement (the “Exchange Agreement”) with Evtec Group Limited (“Evtec”), a company registered in England and Wales. Under the terms of the Exchange Agreement the Company issued 2,400,000 shares of Series B Convertible Preferred Stock, $0.001 par value per share (the “Series B Share Consideration”), in exchange for 4,086 newly issued preferred shares of Evtec (the “Evtec Shares”).

View on SEC.gov

188 governance changes filed in the last 30 days. Browse all governance changes →

REALLOYS INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-017530

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.