Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Blackboxstocks (BLBX) is now available.
Blackboxstocks Inc. sold 312,500 shares of its common stock for $1.25 million, with significant purchases made by its CEO and Quadrofoglio Holdings LLC. Concurrently, Blackboxstocks loaned $1.15 million to Evtec Aluminium Limited, which can be converted into 3.2% of Evtec’s shares, implying Evtec’s valuation at over $48 million. Additionally, Blackboxstocks amended its Share Exchange Agreement with Evtec to update warrant terms and the share exchange ratio, reflecting the company’s acquisition strategy to make Evtec a wholly-owned subsidiary. The transactions are announced via a press release and rely on specific securities exemptions.
See more data about BLBX stock on TipRanks’ Stock Analysis page.