M&A
confidence high
sentiment positive
materiality 0.75
Blackboxstocks closes $1.25M private placement at $4.00, invests $1.15M in Evtec, amends exchange deal
REALLOYS INC.
- Sold 312,500 shares at $4.00 each for gross proceeds $1.25M; CEO Gust Kepler invested $100,000, Quadrofoglio Holdings LLC invested $1.15M.
- Loaned $1.15M to Evtec Aluminium at 12% interest, convertible into Evtec shares at $1,197.92 per share (~3.2% of Evtec post-money valuation ~$48.1M).
- First Amendment to Share Exchange: Exchange Ratio set initially at 294.14 BLBX shares per Evtec share; Blackbox post-closing ownership increased from 26.2% to 29.4%.
- Proceeds: $1.15M loaned to Evtec for growth initiatives/capex; $100,000 retained for Blackbox.io working capital.
- Blackbox to provide custom analytics/enterprise software solutions to Evtec manufacturing operations.