Blackboxstocks secures up to $2.25M in convertible debentures to fund operations and potential merger

REALLOYS INC.

Initial $250K senior debenture closed Jan 17, 2025; bears 7% interest, matures March 15, 2025 or upon merger deal.
Additional $2M secured convertible debentures funded in tranches linked to merger agreement, S-4 filing, and SEC effectiveness.
Conversion price set at 175% of prior day's close with $5.00 floor; holders capped at 9.9% beneficial ownership.
Cash repayment triggers 115% premium; default interest rate rises to 18% per annum.
Management expects proceeds to cover operations and transaction expenses as it pursues a merger.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

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.