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Blackboxstocks (NASDAQ: BLBX) revises CVR terms in REalloys merger deal

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Blackboxstocks Inc. has entered into a Second Amendment to its Agreement and Plan of Merger with RABLBX Merger Sub Inc. and REalloys Inc. The deal structure remains that REalloys will merge into the wholly owned merger subsidiary and become a wholly owned subsidiary of Blackboxstocks. The new amendment updates and fully restates the definition of “Permitted Transfer” in a contingent value rights (CVR) agreement that is attached to the merger agreement. This change fine-tunes how certain transfers related to the CVRs are treated while keeping the overall merger framework in place.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): August 22, 2025

 

BLACKBOXSTOCKS INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41051   45-3598066
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

5430 LBJ Freeway, Suite 1485, Dallas, Texas   75240
(Address of principal executive offices)   (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (972) 726-9203

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   BLBX   The NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Second Amendment to Merger Agreement

 

As previously reported in the Current Report on Form 8-K dated March 10, 2025, Blackboxstocks Inc., a Nevada corporation (“Blackboxstocks”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with RABLBX Merger Sub inc., a Nevada corporation and wholly-owned subsidiary of Blackboxstocks (“Merger Sub”) and REalloys Inc., a Nevada corporation (“REalloys”), pursuant to which REalloys will merge with and into Merger Sub, Merger Sub will cease to exists and REalloys will become a wholly-owned subsidiary of Blackboxstocks (the “Merger”).

 

As previously reported in the Current Report on Form 8-K dated July 1, 2025, Blackboxstocks, Merger Sub and REalloys entered into a First Amendment to Agreement and Plan of Merger (the “First Amendment”) in order to reflect Blackboxstocks’ intent to conduct an at-the-market offering of its common stock, pursuant to which up to 250,000 shares of Blackboxstocks common stock may be sold and issued without affecting the calculation of Company Merger Shares (as defined in the Merger Agreement) to be issued in the Merger.

 

On August 22, 2025, Blackboxstocks, Merger Sub and REalloys entered into a Second Amendment to Agreement and Plan of Merger (the “Second Amendment”) in order to delete and restate in its entirety the definition of “Permitted Transfer” in the CVR Agreement, which is attached as Exhibit E to the Merger Agreement, as follows:

 

“Permitted Transfer” means (i) the transfer of any or all of the CVRs (upon the death of the Holder) by will or intestacy; (ii) transfer by instrument to an inter vivos or testamentary trust in which the CVRs are to be passed to beneficiaries upon the death of the trustee; (iii) transfers made pursuant to a court order of a court of competent jurisdiction (such as in connection with divorce, bankruptcy or liquidation); (iv) a transfer made by operation of law (including a consolidation or merger); (v) a transfer from a participant’s account in a tax-qualified employee benefit plan to the participant or to such participant’s account in a different tax-qualified employee benefit plan or to a tax-qualified individual retirement account for the benefit of such participant; (vi) a transfer from a participant in a tax-qualified employee benefit plan, who received the CVRs from such participant’s account in such tax-qualified employee benefit plan, to such participant’s account in a different tax-qualified employee benefit plan or to a tax-qualified individual retirement account for the benefit of such participant; or (vii) in the case of CVRs held in book-entry form or other similar nominee form, from a nominee to a beneficial owner (and, if applicable, through an intermediary) or from such nominee to another nominee for the same beneficial owner, in each case as allowable by DTC.

 

The foregoing description of the Second Amendment does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the full text of the Second Amendment, which is attached as Exhibit 2.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) The following exhibits are filed with this Current Report on Form 8-K.

 

Exhibit   Description
2.1   Second Amendment to Agreement and Plan of Merger, dated August 22, 2025, by and among Blackboxstocks Inc., RABLBX Merger Sub, Inc., and REalloys Inc.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 22, 2025 Blackboxstocks Inc.
   
  By:  /s/ Gust Kepler
    Gust Kepler
    President and Chief Executive Officer

 

2

FAQ

What did Blackboxstocks Inc. (BLBX) change in this 8-K?

Blackboxstocks Inc. entered into a Second Amendment to its merger agreement with RABLBX Merger Sub Inc. and REalloys Inc., revising the definition of “Permitted Transfer” in the related CVR Agreement.

Does the amendment affect the planned merger between Blackboxstocks and REalloys?

The amendment leaves the basic structure in place, where REalloys will merge with and into RABLBX Merger Sub Inc. and become a wholly owned subsidiary of Blackboxstocks Inc.

What is the role of the CVR Agreement in the Blackboxstocks–REalloys merger?

The CVR Agreement, attached as Exhibit E to the merger agreement, governs contingent value rights for certain holders, and the Second Amendment updates the “Permitted Transfer” definition within that agreement.

When was the Second Amendment to the merger agreement signed?

The Second Amendment to the Agreement and Plan of Merger among Blackboxstocks Inc., RABLBX Merger Sub Inc., and REalloys Inc. is dated August 22, 2025.

Who signed the report on behalf of Blackboxstocks Inc.?

Gust Kepler, President and Chief Executive Officer of Blackboxstocks Inc., signed the report on behalf of the company.

Where can investors find the full text of the Second Amendment?

The complete Second Amendment to the Agreement and Plan of Merger is included as Exhibit 2.1, with the CVR-related changes incorporated in full.

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