SilverBox Corp IV enters non-binding LOI with Parataxis Holdings

SilverBox Corp IV (SBXD) has entered into a non-binding letter of intent with Parataxis Holdings, with respect to a proposed business combination between SBXD and Parataxis Holdings. If consummated, the proposed business combination would result in the listing of a preeminent, institutional digital asset management platform with a deep pipeline of proprietary and differentiated capital deployment opportunities. The platform will focus on initiating and managing capital investments in Bitcoin and other select digital assets, with the objective of creating long-term value through a repeatable, globally oriented investment framework. As part of the contemplated transaction, Parataxis Holdings is expected to contribute economic interests in a transaction currently under development in South Korea, which, if completed, may serve as the first of several similar initiatives under consideration. The parties believe South Korea is an underserved market with significant digital asset demand that can be met with the launch of the proposed platform. All such transactions would remain subject to applicable legal and regulatory considerations. The parties expect to announce additional details regarding the proposed business combination and related financing when a definitive agreement is executed.