Financial Performance - For the three months ended June 30, 2025, the Company reported a net income of $1,462,590, derived from interest earned on investments held in the Trust Account of $2,182,900, offset by general and administrative costs of $720,310 [129]. - For the six months ended June 30, 2025, the Company had a net income of $3,393,384, with interest earned on investments held in the Trust Account totaling $4,298,327 [129]. - The Company incurred cash used in operating activities of $454,996 for the six months ended June 30, 2025, with net income affected by interest earned on investments [132]. Investments and Trust Account - As of June 30, 2025, the Company had investments held in the Trust Account amounting to $208,952,965, including approximately $7,952,965 of interest income [134]. - The Company plans to use substantially all funds held in the Trust Account to complete its Business Combination [134]. 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 [131]. - The underwriters received a cash underwriting discount of $1,700,000, which is 0.85% of the gross proceeds from the Initial Public Offering [141]. Business Combination - The Company has entered into a Business Combination Agreement with Parataxis Holdings Inc. to merge and become a publicly traded company [125]. - The Company may need to raise additional capital through loans or investments to address liquidity concerns [137]. Debt and Financial Obligations - The Company has no long-term debt or off-balance sheet arrangements as of June 30, 2025 [139].
SilverBox Corp IV(SBXD) - 2025 Q2 - Quarterly Report