Blackboxstocks, Inc. Secures Financing of up to $2,000,000 in Anticipation of Potential Merger

Core Viewpoint - Blackboxstocks Inc. has entered into a Securities Purchase Agreement to issue senior debentures totaling $2,250,000, which includes an initial amount of $250,000 and additional debentures of $2,000,000, aimed at financing operations and potential merger transactions [1][2][3]. Group 1: Debenture Details - The Initial Debentures amount to $250,000, bearing an interest rate of 7.00% per annum, maturing on the earlier of a definitive merger agreement or March 15, 2025 [2]. - The Additional Debentures will total $2,000,000, funded through a series of payments contingent on specific milestones related to a merger transaction [3]. - The Additional Debentures will also bear an interest rate of 7.00% per annum, maturing either at the closing of the merger or 12 months after issuance [3]. Group 2: Conversion and Repayment Terms - On maturity, the company will repay the accrued interest and principal of the Additional Debentures, with a premium of 115% if repaid in cash [4]. - Holders of the Additional Debentures may convert their holdings into common stock at a conversion price set at 175% of the prior day's closing price, with a minimum price of $5.00 per share [4]. - A beneficial ownership limitation of 9.9% applies post-conversion, which can be reduced to 4.9% upon election by the holders [4]. Group 3: Company Overview - Blackboxstocks Inc. operates as a financial technology and social media hybrid platform, providing real-time analytics for stock and options traders [5]. - The platform utilizes predictive technology enhanced by AI to analyze over 10,000 stocks and up to 1,500,000 options contracts multiple times per second [5]. - The company offers subscription services priced at $99.97 per month or $959.00 annually, with a user base spanning over 40 countries [5].