Blackboxstocks amends LOI to acquire Evtec; Evtec forfeits 2.4M Series B shares and pays $400k extension fees

REALLOYS INC.

Evtec pays $400,000 in extension fees in installments through Jan 9, 2024, guaranteed by a credit-worthy affiliate.
Evtec commits up to $400,000 in unsecured extension loans if acquisition not closed by Mar 1 or Apr 1, 2024.
Evtec to reimburse up to $175,000 of Blackboxstocks' legal and third-party transaction expenses.
Evtec Group forfeits and cancels 2,400,000 Series B convertible preferred shares issued under June 2023 exchange agreement.
Blackboxstocks obtains right to convert 4,086 Evtec preference shares into ordinary shares of Evtec Group.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

REALLOYS INC. entered into Binding Amendment to Amended Letter of Intent with Evtec Group Limited, Evtec Automotive Limited, and Evtec Aluminium Limited (effective 2023-11-24).

Action: entry
Counterparty: Evtec Group Limited, Evtec Automotive Limited, and Evtec Aluminium Limited
Effective: 2023-11-24

Exact text from the filing

On November 24, 2023, Blackboxstocks, Inc., a Nevada corporation (the “Company”) entered into a Binding Amendment to Amended Letter of Intent (the “LOI Amendment”) with Evtec Group Limited, Evtec Automotive Limited, and Evtec Aluminium Limited (collectively, “Evtec”)

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623 material agreements filed in the last 30 days. Browse all material agreements →

REALLOYS INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-033165

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