Financial Performance - The company had a net income of $3,483,171 for the period from April 16, 2024, to December 31, 2024, primarily from interest earned on investments held in the Trust Account[372]. - Cash used in operating activities from April 16, 2024, to December 31, 2024, was $446,857, with net income significantly impacted by interest income[374]. - As of December 31, 2024, the company held investments in the Trust Account totaling $204,654,638, including approximately $3,654,638 of interest income[375]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) raised gross proceeds of $200,000,000 from the sale of 20,000,000 Units at $10.00 per Unit, along with an additional $4,550,000 from the sale of 455,000 Private Placement Units[373]. - The underwriters received a cash underwriting discount of $1,700,000, which is 0.85% of the gross proceeds from the IPO, and a deferred underwriting discount of 5.15% will be paid upon completion of the initial Business Combination[382]. Financial Position - As of December 31, 2024, the company had cash of $819,362 available for operational activities and due diligence on prospective target businesses[376]. - The company has no long-term debt or significant liabilities, apart from a monthly payment of $15,000 to the Sponsor for administrative services[381]. - The company has no off-balance sheet arrangements or special purpose entities as of December 31, 2024[380]. Future Expectations - The company does not expect to generate operating revenues until after completing a Business Combination[371]. - The company may incur additional financing needs if the costs of identifying a target business exceed current estimates[379].
SilverBox Corp IV(SBXD) - 2024 Q4 - Annual Report