Core Viewpoint - Blackboxstocks Inc. has entered into a Securities Purchase Agreement to issue senior debentures totaling $2,250,000, which includes an initial amount of $250,000 and additional debentures of $2,000,000, aimed at financing operations and potential merger transactions [1][2][3]. Group 1: Debenture Details - The Initial Debentures amount to $250,000, bearing an interest rate of 7.00% per annum, maturing on the earlier of a definitive merger agreement or March 15, 2025 [2]. - The Additional Debentures will total $2,000,000, funded through a series of payments contingent on specific milestones related to a merger transaction [3]. - The Additional Debentures will also bear an interest rate of 7.00% per annum, maturing either at the closing of the merger or 12 months after issuance [3]. Group 2: Conversion and Repayment Terms - On maturity, the company will repay the accrued interest and principal of the Additional Debentures, with a premium of 115% if repaid in cash [4]. - Holders of the Additional Debentures may convert their holdings into common stock at a conversion price set at 175% of the prior day's closing price, with a minimum price of $5.00 per share [4]. - A beneficial ownership limitation of 9.9% applies post-conversion, which can be reduced to 4.9% upon election by the holders [4]. Group 3: Company Overview - Blackboxstocks Inc. operates as a financial technology and social media hybrid platform, providing real-time analytics for stock and options traders [5]. - The platform utilizes predictive technology enhanced by AI to analyze over 10,000 stocks and up to 1,500,000 options contracts multiple times per second [5]. - The company offers subscription services priced at $99.97 per month or $959.00 annually, with a user base spanning over 40 countries [5].

Core Viewpoint - Blackboxstocks, Inc. and Evtec Aluminium Limited have mutually agreed to terminate their Share Exchange Agreement, with Blackbox actively seeking other strategic merger options to enhance stockholder value [1][2]. Company Overview - Blackboxstocks, Inc. is a financial technology and social media hybrid platform that provides real-time proprietary analytics and news for stock and options traders. The platform employs predictive technology enhanced by artificial intelligence to identify volatility and unusual market activity [3]. - The company continuously scans major stock exchanges and options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. It offers a fully interactive social media platform integrated into its dashboard for users to exchange information and ideas [3]. - Blackbox operates on a subscription model, with current fees set at $99.97 per month or $959.00 annually, and has a growing user base across over 40 countries [3]. Termination of Agreement - The Share Exchange Agreement, initially executed on December 12, 2023, and amended on July 1, 2024, was intended to make Evtec a wholly owned subsidiary of Blackbox. However, due to unforeseen delays and costs, both companies decided to terminate the agreement [1][2]. - Blackbox's CEO expressed disappointment over the inability to complete the merger but emphasized respect for Evtec and its management, wishing them success in the future [2].

Core Viewpoint - Blackboxstocks, Inc. and Evtec Aluminium Limited have mutually agreed to terminate their Share Exchange Agreement due to unforeseen delays and hurdles, with Blackbox actively seeking other strategic merger options to enhance stockholder value [1][2]. Group 1: Company Overview - Blackboxstocks, Inc. is a financial technology and social media hybrid platform that provides real-time proprietary analytics for stock and options traders, utilizing predictive technology enhanced by artificial intelligence [3]. - The platform continuously scans over 10,000 stocks and up to 1,500,000 options contracts multiple times per second, offering users a fully interactive social media platform integrated into its dashboard [3]. - Current subscription fees for Blackbox's services are $99.97 per month or $959.00 annually, with a user base spanning over 40 countries [3]. Group 2: Termination of Agreement - The Share Exchange Agreement, initially executed on December 12, 2023, and amended on July 1, 2024, was intended to make Evtec a wholly owned subsidiary of Blackbox, but was terminated on January 13, 2025 [1]. - Both companies expressed disappointment over the termination, citing the protracted time frame and unforeseen costs as significant hurdles [2].

Revenue and Subscribers - For the three months ended September 30, 2024, revenue was $646,792, a decline of 11% compared to $727,218 for the same period in 2023, attributed to fewer subscribers[81] - Average subscribers for the three months ended September 30, 2024, were 2,972, down from 3,174 in the prior year period[81] - For the nine months ended September 30, 2024, revenue was $1,981,974, a decline of 15% from $2,324,870 in the prior year[85] - Average subscribers for the nine months ended September 30, 2024, were 2,986, down from 3,564 in the prior year[85] Operating Expenses and Losses - Operating expenses for the three months ended September 30, 2024, decreased by 14% to $1,088,582 from $1,269,769 in the same period in 2023[83] - Operating expenses for the nine months ended September 30, 2024, decreased by 36% to $3,429,812 from $5,369,668 in the same period in 2023[87] - The company incurred an operating loss of $2,452,989 for the nine months ended September 30, 2024, compared to a loss of $4,247,332 for the prior year[88] Cash and Financing Activities - Cash and marketable securities totaled $60,921 as of September 30, 2024, down from $475,652 at December 31, 2023[76] - Net cash provided by financing activities was $1,366,274 for the nine months ended September 30, 2024, compared to net cash used of $36,814 in the prior year[78] Net Loss and EBITDA - Net loss for Q3 2024 was $780,833, compared to a net loss of $671,745 in Q3 2023, representing an increase in loss of approximately 16.2%[91] - Total adjustments for EBITDA in Q3 2024 amounted to $130,940, down from $158,719 in Q3 2023, indicating a decrease of about 17.5%[91] - EBITDA for Q3 2024 was $(649,893), worsening from $(513,026) in Q3 2023, reflecting a decline of approximately 26.6%[91] - Net loss for the nine months ended September 30, 2024, was $(2,522,487), an improvement from $(3,996,607) in the same period of 2023, showing a reduction in loss of about 37.0%[91] - Total adjustments for EBITDA in the nine months ended September 30, 2024, were $384,514, significantly lower than $1,300,436 in the same period of 2023, a decrease of approximately 70.5%[91] - EBITDA for the nine months ended September 30, 2024, was $(2,139,973), an improvement from $(2,696,171) in the same period of 2023, indicating a reduction in loss of about 20.7%[91] Interest and Compensation - Interest expense for Q3 2024 was $58, down from $210 in Q3 2023, a decrease of approximately 72.4%[91] - Stock-based compensation for the nine months ended September 30, 2024, was $301,069, significantly lower than $1,330,104 in the same period of 2023, a decrease of about 77.4%[91] Company Classification and Arrangements - As of September 30, 2024, the company did not have any material off-balance sheet arrangements[92] - The company is classified as a "smaller reporting company" and is not required to provide certain market risk disclosures[92] Future Expectations - The company expects to acquire Evtec Aluminium, which is anticipated to attract additional capital investment[73]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of $1,332,722, a decline of 16% compared to $1,589,638 for the same period in 2023[74] - The company incurred an operating loss of $1,718,823 for the six months ended June 30, 2024, compared to a loss of $3,378,103 for the same period in 2023, indicating improved operational efficiency[77] - Gross margins for the six months ended June 30, 2024, were 46%, up from 45% in the prior year, with cost of revenues decreasing to $713,975 from $874,606[75] - Operating expenses for the six months ended June 30, 2024, were reduced by 43% to $2,338,980 from $4,099,899 in the same period of 2023[76] - Average monthly revenue per subscriber increased to $74.30 for the six months ended June 30, 2024, from $70.53 in the prior year, driven by higher pricing strategies[74] Subscriber Metrics - Average subscribers for the three months ended June 30, 2024, decreased to 2,983 from 3,987 in the prior year, reflecting a reduction in user base[70] Cash Flow and Financing - The company had cash and marketable securities totaling $1,055,482 as of June 30, 2024, an increase from $475,652 at December 31, 2023[66] - Net cash provided by financing activities was $1,266,680 for the six months ended June 30, 2024, compared to net cash used of $29,622 in the prior year[67] Strategic Initiatives - The company is pursuing a planned acquisition of Evtec Aluminium, which is expected to enhance capital investment opportunities[63] - The company has implemented initiatives to improve cash flow, including new product development and revised marketing strategies[63] Regulatory and Reporting - As of June 30, 2024, the company reported no material off-balance sheet arrangements[82] - The company is classified as a "smaller reporting company" and is not required to provide certain market risk disclosures[82]

Blackbox to Invest $1.15 Million into Evtec Aluminium The private placement was led by a $1.15 million investment by Quadrofoglio LLC. Blackbox CEO Gust Kepler is also participating in the private placement with an investment of $100,000. About Evtec Aluminium: Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artifici ...

Blackbox will invest $1.15 million into Evtec Aluminium and retain $100,000 for working capital for Blackbox.io, Inc., the Company's wholly-owned operating subsidiary. Blackbox is working with Evtec Aluminium to provide custom analytics and enterprise software solutions for their manufacturing operations. Evtec Aluminium will use the proceeds to fund its growth initiatives including capital expenditures to increase production capacity. Blackbox and Evtec amended the Share Exchange Agreement dated December 1 ...

Blackboxstocks Files Form S-4 for Evtec Acquisition Reports First Quarter Financial Results for Fintech Operations Dallas, TX, May 16, 2024 – Blackboxstocks Inc. (NASDAQ: BLBX) ("Blackbox" or the "Company"), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced that it filed its Form S-4 on May 13, 2024, for its acquisition of Evtec Aluminium Ltd. and today reported its financial results for the first quarter e ...

Blackboxstocks Files Form S-4 for Evtec Acquisition Reports First Quarter Financial Results for Fintech Operations Dallas, TX, May 16, 2024 – Blackboxstocks Inc. (NASDAQ: BLBX) ("Blackbox" or the "Company"), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced that it filed its Form S-4 on May 13, 2024, for its acquisition of Evtec Aluminium Ltd. and today reported its financial results for the first quarter e ...

There have been no changes from the Summary of Significant Accounting Policies described in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission on April 1. 2024. At March 31, 2024, we had cash and marketable securities totaling $114,968 as compared to cash and marketable securities totaling $475,652 at December 31, 2023. Our cash flows used in operations were $353,803 for the three months ended March 31, 2024 as compared to $1,250,895 for the ...