secwatch.observer — SEC 8-K summary
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Issuer:     REALLOYS INC. (ALOY)
CIK:        0001567900
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001437749-25-001510
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567900/000143774925001510/0001437749-25-001510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567900/000143774925001510/blkbx20250118_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-001510

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer