SilverBox Corp IV(SBXD) - 2025 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2025, the company reported a net income of $1,930,794, primarily from interest earned on investments held in the Trust Account amounting to $2,115,427, offset by general and administrative costs of $184,633[122]. - Cash used in operating activities for the three months ended March 31, 2025, was $198,031, with net income impacted by interest earned on investments[124]. - The company does not anticipate needing to raise additional funds for operating expenditures but may require additional financing to complete its Business Combination[128]. Investments and Trust Account - As of March 31, 2025, the company had investments held in the Trust Account totaling $206,770,065, which includes approximately $5,770,065 of interest income[125]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital to finance operations of the target business[125]. - As of March 31, 2025, the company had cash of $621,331, which will be used for identifying and evaluating target businesses and related due diligence[126]. 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, along with an additional $4,550,000 from the sale of 455,000 Private Placement Units[123]. - The underwriters of the Initial Public Offering are entitled to a cash underwriting discount of $1,700,000, which is 0.85% of the gross proceeds, and a deferred underwriting discount of 5.15% of the gross proceeds held in the Trust Account[131]. Debt and Obligations - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025, and has a contractual obligation to pay the Sponsor $15,000 per month for administrative services[129][130]. Warrants - The fair value of public warrants at issuance was recorded at $286,667, with the company evaluating the classification of warrants as either equity or liability instruments[136].