Blackboxstocks, Inc. and Evtec Aluminium Limited Mutually Agree to Terminate Share Exchange Agreement

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].