SilverBox Corp IV(SBXD) - 2024 Q3 - Quarterly Report

Financial Performance - As of September 30, 2024, the company had net income of $1,382,148, primarily from interest earned on investments held in the Trust Account amounting to $1,266,313[96]. - Cash used in operating activities from inception through September 30, 2024, was $314,085, with net income of $1,358,488 impacted by interest income and changes in fair value of liabilities[99]. - The company does not expect to generate operating revenues until after the completion of its Business Combination[95]. Initial Public Offering - The company completed its Initial Public Offering on August 19, 2024, raising gross proceeds of $200,000,000 from the sale of 20,000,000 Units at $10.00 per Unit[98]. - The underwriters of the Initial Public Offering are entitled to a cash underwriting discount of $1,700,000 and a deferred underwriting discount of 5.15% of the gross proceeds held in the Trust Account[106]. Trust Account and Investments - Investments held in the Trust Account totaled $202,266,313 as of September 30, 2024, including approximately $1,266,313 of interest income[100]. - The company intends to use funds from the Trust Account primarily to complete its Business Combination and for working capital to finance operations of the target business[100]. Financial Obligations - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2024, and has a contractual obligation to pay the Sponsor $15,000 per month for administrative services[104][105]. - The company has the option to convert up to $2,500,000 of Working Capital Loans into units of the post-Business Combination entity at a price of $10.00 per unit[102]. Cash Position - As of September 30, 2024, the company had cash of $952,134 available for identifying and evaluating target businesses[101]. Risk Factors and Legal Proceedings - No material changes to risk factors since the Initial Public Offering prospectus filed with the SEC[117]. - No legal proceedings reported as of the date of this report[117]. Reporting - Quarterly Report on Form 10-Q includes various exhibits filed or incorporated by reference[119].