STOCK TITAN

REalloys Inc. (Nasdaq: ALOY) closes merger and issues 57.1M shares

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

Rhea-AI Filing Summary

REalloys Inc., formerly Blackboxstocks Inc., completed its merger with private REalloys and changed its name and Nasdaq ticker to “ALOY.” The deal makes private REalloys a wholly owned subsidiary and results in 57,111,167 shares of New REalloys common stock outstanding, with former private REalloys holders owning about 92.2%.

At closing, legacy Blackboxstocks shareholders received one contingent value right per share tied to future monetization of the Blackbox.io business. The company also created Series C Convertible Preferred Stock, increased authorized common shares from 100,000,000 to 350,000,000, overhauled its board and management, adopted a 2025 long‑term incentive plan, and implemented a new code of business conduct and ethics.

Positive

  • None.

Negative

  • Massive dilution and change of control: After issuing 50,365,924 shares in the merger, total common shares rose to 57,111,167, leaving former private REalloys holders with about 92.2% of the equity and legacy shareholders reduced to 7.8%.

Insights

Transformational reverse‑merger shifts control and resets equity structure.

REalloys Inc. has effectively undergone a reverse merger, where private REalloys becomes the operating business and controls about 92.2% of the 57,111,167 New REalloys common shares outstanding. Legacy Blackboxstocks holders now represent only 7.8% of the common equity base.

The structure includes Series X preferred stock converting into Series C preferred, substantial acquisition warrants, and SAFEs, which together introduce additional potential issuances tied to the Nasdaq per‑share price at the Effective Time. Authorized common stock was raised to 350,000,000 shares, significantly expanding future issuance capacity.

Legacy shareholders also received contingent value rights linked to Blackbox.io assets, separating value from the historical trading platform business. Subsequent filings with full financials and pro forma information, due within seventy‑one days of the report date, will clarify the combined company’s earnings power and capital structure.

--12-31 false 0001567900 BLACKBOXSTOCKS INC. 00-0000000 0001567900 2026-02-24 2026-02-24 0001567900 dei:FormerAddressMember 2026-02-24 2026-02-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): February 24, 2026

 

 

 

REALLOYS INC.

(Exact name of registrant as specified in its charter)

 

 

 

Nevada   001-41051   3129394
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

7280 W. Palmeto Park Rd.
Suite 302N
Boca Raton, FL 33433

(Address of principal executive offices; zip code)

 

Registrants telephone number, including area code: 972-726-9203

 

Blackboxstocks Inc.

5430 LBJ Freeway

Suite 1485

Dallas, Texas 75240

(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, $0.001 par value per share  ALOY  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 1.01Entry into a Material Definitive Agreement.

 

Indemnification Agreements

 

In connection with the Merger, on the Closing Date, the Company entered into indemnification agreements (each, an “Indemnification Agreement” and collectively, the “Indemnification Agreements”) with each of its directors and executive officers. The Indemnification Agreements provide for indemnification and advancement by the Company of certain expenses and costs relating to claims, suits, or proceedings arising from service to the Company or, at its request, service to other entities to the fullest extent permitted by applicable law.

 

The foregoing description of the Indemnification Agreements is a summary only and is qualified in its entirety by reference to the full text of the form of Indemnification Agreement, which is incorporated by reference as Exhibit 10.1 to this Current Report on Form 8-K (the “Report”) and incorporated herein by reference.

 

Item 2.01Completion of Acquisition or Disposition of Assets.

 

As previously disclosed, on March 10, 2025, REalloys Inc .(formerly known as Blackboxstocks Inc., “Blackboxstocks”; “REalloys” or the “Company”) and its wholly owned subsidiary, RABLBX Merger Sub, Inc., (“RABLBX”), entered into an Agreement and Plan of Merger, as amended by that certain Amendment No. 1 (“Amendment No. 1”), dated as of July 1, 2025, Amendment No. 2 (“Amendment No. 2”), dated as of August 22, 2025, and Amendment No. 3 (“Amendment No. 3”) dated as of December 10, 2025 (collectively, the “Merger Agreement”), with REalloys Solutions Inc. (formerly known as REalloys Inc.; “Private REalloys”). In accordance with the Merger Agreement, RABLBX merged with and into Private REalloys, with Private REalloys surviving as a wholly owned subsidiary of the Company. On February 24, 2026, (i) pursuant to an amendment to its Articles of Incorporation, the Company changed its name from “Blackboxstocks Inc.” to “REalloys Inc.”, (ii) pursuant to an amendment to its Articles of Incorporation, Private REalloys changed its name to “REalloys Solutions Inc.”, and (iii) REalloys and RABLBX filed the Certificate of Merger with the State of Nevada (the “Merger”). On February 24, 2026, the Merger closed (the “Closing” and such date, the “Closing Date”).

 

At the effective time of the Merger (the “Effective Time”), each holder of outstanding shares of Private REalloys common stock, par value $0.0001 per share (the “Private REalloys Common Stock”) received the number of shares of common stock, par value $0.001 per share, of the Company (the “New REalloys Common Stock”) equal to the number of shares of Private REalloys Common Stock such stockholders held multiplied by the exchange ratio, or an aggregate of 50,365,924 shares of the Company common stock at closing using an exchange ratio (the “Exchange Ratio”) of 0.4129.

 

As provided in the Merger Agreement, the Company’s board of directors authorized and declared a dividend of one contingent value right (“CVR”) for each share of common stock of the Company outstanding at 5:01 p.m. Central Time on the record date, February 23, 2026, payable immediately prior to the consummation of the Merger. The CVRs represent the rights to receive cash payments in connection with certain transactions involving the assets, rights and properties owned, used or usable by Blackbox.io Inc., a Nevada corporation and wholly owned subsidiary of the Company, which was organized to conduct historical operations of Blackboxstocks.

 

Additionally, at the Effective Time: (i) each holder of Series X Preferred Stock (as defined herein) of the Private REalloys, outstanding immediately prior to the Effective Time received the number of shares of Series C Convertible Preferred Stock of the Company, par value $0.001 per share, stated value $3,000 per share (the “Series C Preferred Stock”), equal to the number of shares of Series X Preferred Stock at a ratio of one share of Series X Preferred Stock to one share of Series C Preferred Stock, (ii) each holder of Private REalloys warrants worth $38,000,000 in the aggregate (the “Acquisition Warrants”), outstanding and unexercised as of immediately prior to the Effective Time received the right to receive a number of shares of New REalloys Common Stock equal to the cash amount set forth in such Acquisition Warrant divided by the per share stock price of the Company on Nasdaq at the Effective Time, (iii) each investor in Private REalloys Simple Agreement for Future Equity (“REalloys SAFEs”), worth $3,015,000 in the aggregate, outstanding as of immediately prior to the Effective Time became entitled to receive a number of shares of New REalloys Common Stock equal to the Purchase Amount (as set forth in such REalloys SAFE) divided by the per share stock price of the Company on Nasdaq at the Effective Time, and (iv) each Private REalloys Warrant (as defined herein) outstanding and unexercised immediately prior to the Effective Time, were converted into and became a warrant to purchase New REalloys Common Stock, and the Company assumed the terms of the Private REalloys Warrants pursuant to the terms of the Merger Agreement. The board of directors of Private REalloys following the consummation and Closing of the Merger consists of nine members (the “Board”), as further described herein.

 

In connection with the Merger and the Concurrent Private Placement (as defined herein) and pursuant to that certain placement agent agreement between Palladium Capital LLC (“Palladium”) and Private REalloys, dated as of November 24, 2024, Palladium was entitled to (i) a cash fee equal to 7% of the aggregate gross proceeds raised from investors in each capital raise transaction closing and (ii) warrants to purchase that number of shares of common stock of Private REalloys equal to 7% of the aggregate number of shares of common stock (or common stock equivalent, if applicable) sold in a capital raise transaction. In addition, Private REalloys issued Palladium 5,735,996 shares of common stock as an advisory fee for the transactions including the Merger.

 

Following the Closing, there are 57,111,167 shares of New REalloys Common Stock outstanding, with former Private REalloys stockholders owning approximately 92.2% and former pre-Merger Company stockholders owning 7.8% of the Company’s outstanding securities.

 

The foregoing description of the Merger is a summary only and is qualified in its entirety by reference to the full text of (i) the Merger Agreement, which was filed as Exhibit 2.1 to the Company’s registration statement on Form S-4, as amended, and incorporated herein by reference (the “Proxy Statement/Prospectus”), (ii) Amendment No. 1, which was filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on July 1, 2025, (iii) Amendment No. 2, which was filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K on August 22, 2025, and (iv) Amendment No. 3, which was filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 11, 2025.

 

1

 

 

Item 3.02Unregistered Sale of Equity Securities.

 

As previously reported, on March 6, 2025, Private REalloys entered into a securities purchase agreement (the “Purchase Agreement”) with a certain institutional investor (the “Private Placement Investor”), pursuant to which Private REalloys agreed to issue and sell (i) an aggregate of 5,000 shares of Private REalloys Series X Preferred Stock, par value $0.0001 per share (the “Series X Preferred Stock”), with a stated value of $1,000 per share, with 1,000 shares of the Series X Preferred Stock issued at the initial closing (the “Initial REalloys Financing Closing”), and 4,000 shares of Private REalloys’ Series X Preferred Stock issuable following the consummation of the Merger at the second closing (the “Second REalloys Financing Closing”) and (ii) warrants (the “REalloys Warrants”) to acquire up to 5,000,000 shares of common stock of REalloys (the “Concurrent Private Placement”). The aggregate gross proceeds from the Initial REalloys Financing Closing were $1,000,000.

 

In July 2025, pursuant to an acknowledgement and agreement between Private REalloys and the Private Placement Investor, dated as of July 24, 2025, Private REalloys received an advance of $1,000,000 to be received in the Second REalloys Financing Closing in exchange for issuing 1,000 shares of Private REalloys’ Series X Preferred Stock to the Private Placement Investor. Following such advance, the aggregate number of shares of Series X Preferred Stock issuable in connection with the Second REalloys Financing Closing was 3,000 shares and the aggregate additional purchase price paid by the Private Placement Investor in the Second REalloys Financing Closing was $3,000,000. The Second REalloys Financing Closing occurred on February 23, 2026, substantially contemporaneously with the consummation of the Merger.

 

REalloys also issued to the Private Placement Investor an aggregate of 6,376,367 shares of Private REalloys Common Stock (the “Commitment Shares”) which represented 5.0% of the fully diluted outstanding capital of Private REalloys immediately prior to the consummation of the Merger. Additionally, on the Maturity Date, the Series X Preferred Stock accrued dividends payable in additional shares of Series X Preferred Stock in the aggregate amount of 126 shares.

 

None of the issuances of the Series X Preferred Stock, the Commitment Shares, the REalloys Warrants, or the shares of Private REalloys Common Stock issuable upon conversion or exercise of Series X Preferred Stock and the REalloys Warrants were registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Series X Preferred Stock, the Commitment Shares, the REalloys Warrants, and the shares of Private REalloys Common Stock issuable upon conversion or exercise of Series X Preferred Stock and the REalloys Warrants have been and will be, as applicable, issued in reliance on the exemptions from registration provided by Section 4(a)(2) under the Securities Act and/or Regulation D promulgated thereunder. The investors that entered into to a Purchase Agreement represented that they accredited investors, as defined in Rule 501 of Regulation D promulgated under the Securities Act.

 

The foregoing descriptions of the Purchase Agreement, the Certificate of Designations of the Series X Preferred Stock and the Warrants do not purport to be complete and are qualified in their entirety by reference to the forms of Purchase Agreement, Certificate of Designations of the Series X Preferred Stock and Warrant, which were filed as Exhibits 10.20, 3.11 and 4.2, respectively, to the Proxy Statement/Prospectus, filed with the SEC on July 2, 2025, and incorporated herein by reference.

 

Item 3.03Material Modifications to Rights of Security Holders.

 

Series C Certificate of Designations

 

On February 24, 2026, in connection with the Merger, the Company filed the Certificate of Designations of the Series C Preferred Stock (the “Series C Certificate of Designations”) with the Secretary of State of the State of Nevada. The material terms of the Certificate of Designations are discussed in the Proxy Statement/Prospectus in the sections titled “Description of Combined Company Securities – Series C Convertible Preferred Stock” which are not complete and are qualified in their entirety by reference to the form of Series C Certificate of Designations, a copy of which is filed as Exhibit 3.1 to this Report and incorporated herein by reference.

 

Certificate of Amendment to Articles of Incorporation

 

Additionally on February 24, 2026, the Company filed an Amendment (the “Certificate of Amendment”) with the Secretary of State of the State of Nevada to increase the authorized shares of New REalloys Common Stock the Company is authorized to issue from 100,000,000 shares to 350,000,000 shares. The Certificate of Amendment became effective upon filing. The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Certificate of Amendment, a copy of which is filed hereto as Exhibit 3.2 to this Report and is incorporated herein by reference.

 

2

 

 

Item 5.01Change in Control of Registrant.

 

The information set forth in Item 2.01 of this Report is incorporated herein by reference.

 

As a result of the consummation of the Merger, a change of control of Blackboxstocks occurred, and the stockholders of Blackboxstocks immediately prior to the Closing held approximately (i) 92.2% of the outstanding shares of New REalloys Common Stock and (ii) 50% of Series A Preferred Stock, in each case, immediately following the Closing

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Upon the Closing, and in accordance with the terms of the Merger Agreement, each executive officer of the Company other than Robert Winspear resigned from his position, and each of Gust Kepler, Keller Reid, Grant Evans and Dalya Sulaiman resigned as members of the Company’s Board. Upon the consummation of the Merger and pursuant to the terms of the Merger Agreement, Leonard Sternheim, Stephen duMont (Chairman), Joseph Sawyer, Dovid Glenn, Brad Wall and David MacNaughton were appointed as directors of the Board to serve until the end of their respective terms and until their successors are elected and qualified, and Robert Winspear remained a director of the Board. Following the Closing of the Merger, Bob Foresman and Jack Keane were appointed as directors of the Board to serve until the end of their respective terms and until their successors are elected and qualified.

 

The applicable information set forth in the sections titled “Directors and Executive Officers of the Combined Company Following the Merger,” “Management of the Combined Company,” and “Related Party Transactions” as related to the Board and in Item 2.01 of this Report is incorporated herein by reference.

 

REalloys Inc. 2025 Long-Term Incentive Plan

 

At a special meeting of the Company’s stockholders on January 30, 2025, the stockholders of the Company considered and approved the REalloys 2025 Long-Term Incentive Plan (the “Incentive Plan”). The Incentive Plan was previously approved and adopted, subject to stockholder approval, by the REalloys Board on December 16, 2025. On the Closing Date, the Board approved the adoption of the Incentive Plan, as well as the forms of Nonqualified Stock Option Agreement, Incentive Stock Option Agreement, Restricted Stock Unit Agreement and Restricted Stock Award Agreement.

 

A description of the Incentive Equity Plan is included in the Proxy Statement/Prospectus in the section titled “Proposal 2 - Approval of the Incentive Plan Proposal” beginning on page 102 of the Proxy Statement/Prospectus, and such description is incorporated herein by reference. The foregoing description of the Incentive Plan and the forms of Nonqualified Stock Option Agreement, Incentive Stock Option Agreement, Restricted Stock Unit Agreement and Restricted Stock Award Agreement is qualified in its entirety by the full text of the Incentive Plan, which is filed as Annex B to the Proxy Statement/Prospectus and the forms of Nonqualified Stock Option Agreement, Incentive Stock Option Agreement, Restricted Stock Unit Agreement and Restricted Stock Award Agreement, which are filed as Exhibits 10.4, 10.5, 10.6 and 10.7 to this Report, respectively, and incorporated herein by reference.

 

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

The disclosure set forth in Item 3.03 of this Report under “Series C Certificate of Amendment” and “Certificate of Amendment to Articles of Incorporation” is incorporated herein by reference.

 

Item 5.05Amendments to the Registrants Code of Ethics, or Waiver of a Provision of the Code of Ethics.

 

In connection with the Merger, on February 24, 2026, the Board approved and adopted a new Code of Business Conduct and Ethics applicable to all employees, officers, and directors of the Company, including its Chief Executive Officer, Chief Financial Officer and other executive and senior financial officers. A copy of the Code of Business Conduct and Ethics can be found in the Investors section of the Company’s website at https://realloys.com/.

 

3

 

 

Item 7.01.Regulation FD Disclosure.

 

On February 24, 2026, the Company issued a press release announcing the closing of the Merger. A copy of the press release is filed hereto as Exhibit 99.1 and incorporated by reference herein. The Company undertakes no obligation to update, supplement or amend the materials attached hereto furnished under this Item 7.01.

 

The information in this Report (including Exhibit 99.7 attached hereto) is being furnished pursuant to Item 7.01 and shall not be deemed to be filed for purposes of Section 18 of the Exchange Act, or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing.

 

Item 8.01Other Events.

 

In connection with the Merger, the New REalloys Common Stock possesses a new CUSIP number (75606V101).

 

Item 9.01Financial Statements and Exhibits.

 

(a) Financial Statements of Businesses Acquired.

 

The Company will additionally file the financial statements required to be filed by this Item 9.01(a) not later than seventy-one (71) days after the date on which this Report on Form 8-K is required to be filed. The financial statements and notes thereto of Blackboxstocks were filed with Blackboxstocks’ Annual Report on Form 10-K for the year ended December 31, 2025.

 

(b) Pro Forma Financial Information.

 

The Company will file the financial statements required to be filed by this Item 9.01(b) not later than seventy-one (71) days after the date on which this Current Report on Form 8-K is required to be filed.

 

4

 

 

(d) Exhibits.

 

      Incorporated by Reference
Exhibit
Number
  Description of Exhibit  Form  Exhibit
Annex, or
Page Number
  Filing Date  File Number
                
2.1†  Agreement and Plan of Merger, dated March 10, 2025, by and among Blackboxstocks Inc., RABLBX Merger Sub Inc., and REalloys Inc.  8-K  2.1  03/10/2025  001-41051
2.2  First Amendment to Agreement and Plan of Merger, dated July 1, 2025, by and among Blackboxstocks Inc., RABLBX Merger Sub, Inc., and REalloys Inc.  8-K  2.1  07/01/2025  001-41051
2.3  Second Amendment to Agreement and Plan of Merger, dated August 22, 2025, by and among Blackboxstocks Inc., RABLBX Merger Sub, Inc., and REalloys Inc.  8-K  2.1  08/22/2025  001-41051
2.4  Third Amendment to Agreement and Plan of Merger, dated December 10, 2025, by and among Blackboxstocks Inc., RABLBX Merger Sub, Inc., and REalloys Inc.  8-K  2.1  12/10/2025  001-41051
3.1*  Certificate of Designations of Series C Convertible Preferred Stock            
3.2*  Certificate of Amendment to the Articles of Incorporation of the Company            
3.3  Certificate of Designations of the Series X Preferred Stock  S-4/A  3.11  07/02/2025  333-286507
4.1  Form of Warrant to Purchase Common Stock of REalloys issued on March 10, 2025.  S-4/A  4.2  07/02/2025  333-286507
10.1  Form of Indemnification Agreement  S-4/A  10.34  07/02/2025  333-286507
10.2  Form of Securities Purchase Agreement between REalloys Inc. and investors party thereto, dated as of March 6, 2025.  S-4/A  10.20  07/02/2025  333-286507
10.3*#  REalloys Inc. 2025 Long-Term Incentive Plan            
10.4*#  Form of Nonqualified Stock Option Agreement            
10.5*#  Form of Incentive Stock Option Agreement            
10.6*#  Form of Restricted Stock Unit Agreement            
10.7*#  Form of Restricted Stock Award Agreement            
10.8#  Professional Services Agreement dated December 12, 2025, by and between Leonard Sternheim and REalloys Inc.  S-4/A  10.47  12/18/2025  333-286507
99.1*  Press Release, dated February 24, 2026 (furnished pursuant to Item 7.01).            
104*  Cover Page Interactive Data File            

 

 

*Filed herewith.

 

Certain of the exhibits or schedules to this Exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.

 

#Management contract or compensatory plan or arrangement.

 

5

 

 

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.

 

  REALLOYS INC.
     
Date: February 25, 2026 By: /s/ Leonard Sternheim
  Name:  Leonard Sternheim
  Title: President and Chief Executive Officer

 

 

6

 

 

Exhibit 99.1

 

Blackboxstocks and REalloys Announce Closing of Merger; REalloys to Begin Trading on Nasdaq Under Ticker “ALOY”

 

Combined Company Positioned as a Vertically Integrated, Zero-China Nexus Heavy Rare Earth Platform Supporting U.S. National Security and Defense Supply Chains

 

DALLAS, February 24, 2026 (GLOBE NEWSWIRE) — Blackboxstocks Inc. (Nasdaq: BLBX) (“Blackboxstocks”) today announced the successful closing of its previously announced merger with REalloys Inc. (“REalloys”) following the close of market on February 24, 2026.

 

Effective at the open of trading on Wednesday, February 25, 2026, the combined company will operate under the name REalloys Inc. and its common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “ALOY.”

 

The transaction marks the public market debut of a vertically integrated North American heavy rare earth platform focused on establishing a secure, zero-China nexus supply chain aligned with U.S. defense procurement priorities.

 

As provided in the merger agreement, the Blackboxstocks board of directors authorized and declared a dividend of one contingent value right (“CVR”) for each share of common stock outstanding at 5:01 p.m. Central Time on the record date, February 23, 2026, payable immediately prior to the consummation of the Merger. The CVRs will represent the rights to receive cash payments in connection with certain transactions involving the assets, rights and properties owned, used or usable by Blackbox.io Inc., a Nevada corporation and wholly owned subsidiary of Blackboxstocks, which was organized to conduct historical operations of Blackboxstocks.

 

Transaction Highlights

 

Following the closing, REalloys is positioned to advance its strategic objective of becoming the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027, supported by what the Company believes are among the most advanced commercial-scale heavy rare earth separation and metallization assets outside of China.

 

Key Platform Attributes Include:

 

Strategic Objective: Scaling oxide separation and metallization capacity to serve defense, advanced manufacturing, and protected industrial markets.

 

Compliance Advantage: Positioned to operate a zero-China nexus supply chain aligned with anticipated 2027 U.S. defense procurement restrictions and currently servicing federal logistics and procurement channels supporting the Defense Industrial Base.

 

Advanced Execution Profile: Leveraging existing infrastructure with phased expansion plans, comparatively limited incremental capital requirements, and reduced permitting risk relative to greenfield development projects.

 

Feedstock Diversification Strategy: Designed to be feedstock-agnostic, utilizing allied and domestic sources to mitigate supply concentration risk.

 

Integrated Growth Path: Executing a phased scale strategy spanning upstream resource development, midstream separation and metallization, and downstream magnet initiatives, including collaboration efforts with Japan Organization for Metals and Energy Security (JOGMEC) to support high-performance magnet manufacturing for strategic markets.

 

 

 

 

Strategic Positioning at Closing

 

REalloys enters the public markets at a pivotal time as geopolitical considerations, critical mineral policy, and national security priorities increasingly converge around the need for dependable, China-independent heavy rare earth capability.

 

The Company’s integrated mine-to-magnet strategy encompasses:

 

Upstream: 100% owned Hoidas Lake rare earth asset in Saskatchewan, strategic partnership with U.S. government backed Mission Critical Materials (tailings and waste stream technology), a diversified portfolio of allied upstream feedstock providers, and recycling partnerships.

 

Midstream: Expansion of North American separation, refining, and metallization capabilities in partnership with the Saskatchewan Research Council.

 

Downstream: 100% owned PMT Critical Metals. The only advanced heavy rare earth metallization facility in the continental U.S., serving federal logistics and procurement agencies supporting the U.S. Department of Defense, Department of Energy, and NASA, as well as the broader Defense Industrial Base, Nuclear Industrial Base, and Organic Industrial Base.

 

About REalloys:

 

REalloys Inc. is advancing a fully integrated North American mine-to-magnet supply chain encompassing upstream resource development, midstream processing, and downstream manufacturing. REalloys’ upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a diversified network of allied feedstock and recycling partners. Together with the Saskatchewan Research Council, REalloys is building a platform to scale North American midstream separation, refining, and metallization capabilities—creating a coordinated system that processes and converts rare-earth materials from allied and domestic sources into high-purity products. Those refined materials feed directly into REalloys’ downstream manufacturing operations in Euclid, Ohio, where the company produces advanced alloys and magnet components for defense, clean-energy, and high-performance industrial applications. REalloys’ Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, the Department of Energy, and National Aeronautics and Space Administration, in addition to the broader Defense Industrial Base and Organic Industrial Base.

 

For more information, go to www.realloys.com or email info@realloys.com

 

Forward Looking Statements and Safe Harbor

 

This press release contains “forward-looking statements” within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding development activities, project milestones, expected capacity, market expansion, financing, timing, strategic initiatives, regulatory approvals, or future performance are forward-looking statements. Such statements reflect management’s current expectations, assumptions, and estimates and are inherently subject to significant risks and uncertainties, many of which are beyond the control of the Company. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, though their absence does not mean a statement is not forward-looking.

 

These statements are not guarantees of performance or outcomes. Actual results may differ materially from those expressed or implied due to various factors, including but not limited to: the ability to successfully complete project development and commercialization efforts; uncertainties related to scaling new technologies or processes to industrial production; supply-chain reliability, logistics, and availability of equipment and materials; fluctuations in rare-earth prices or demand; changes in market conditions, customer preferences, or procurement policies; regulatory approvals, environmental compliance, and permitting delays; inflationary pressures or rising capital costs; the availability, cost, and terms of financing; geopolitical events and trade policies affecting critical minerals; the outcome of future collaborations or partnerships; workforce recruitment and retention; cybersecurity or intellectual-property risks; competitive developments or technological change; and macroeconomic or industry-specific conditions that could impact operations, markets, or valuations.

 

2

 

 

Forward-looking statements also include expectations regarding the merger between Blackboxstocks and REalloys, including but not limited to, the integration, synergies, and potential benefits of the merger and related transactions. These are subject to numerous risks and uncertainties, including the satisfaction of closing conditions, receipt of necessary approvals, potential delays, litigation, regulatory review, or changes in transaction structure. There can be no assurance that any merger-related synergies will occur on the expected timeline, terms, or at all, or that anticipated synergies will be realized.

 

All forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events, new information, or changes in expectations, except as required by law. Readers are cautioned not to place undue reliance on these statements, which are provided for the purpose of describing management’s current expectations and strategic outlook, and which involve numerous known and unknown risks, uncertainties, and other factors that may cause actual results or performance to differ materially.

 

These statements should not be construed as forecasts or guarantees of future outcomes. The risks and uncertainties that could affect the Company’s operations, financial condition, performance, and prospects include those described in its filings with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other periodic and current reports available at www.sec.gov.

 

Contacts

 

REalloys Inc.
Angela Gorman
Communications, REalloys
angela@amwpr.com
www.realloys.com

 

 

 3

 

 

FAQ

What did REalloys Inc. (formerly Blackboxstocks, BLBX) announce in this 8-K?

The company reported closing its merger with private REalloys, changing its name to REalloys Inc. and shifting its business focus to a vertically integrated heavy rare earth platform, with its common stock expected to trade on Nasdaq under the ticker ALOY.

How did the merger affect REalloys Inc.’s share count and ownership structure?

At closing, 50,365,924 shares of New REalloys common stock were issued, bringing total outstanding common shares to 57,111,167. Former private REalloys stockholders own about 92.2% of the common stock, while pre‑merger Blackboxstocks holders retain roughly 7.8%.

What contingent value rights (CVRs) did Blackboxstocks shareholders receive in the merger?

The board declared a dividend of one CVR for each Blackboxstocks share outstanding as of February 23, 2026. These CVRs entitle holders to cash payments tied to certain future transactions involving the Blackbox.io Inc. assets associated with the company’s historical operations.

How did REalloys Inc. change its capital structure in connection with the merger?

The company created Series C Convertible Preferred Stock to mirror private REalloys’ Series X preferred and increased authorized common shares from 100,000,000 to 350,000,000. Warrants and SAFEs were also converted or assumed, adding further potential equity issuance capacity over time.

What governance and compensation changes accompanied the REalloys merger closing?

Most legacy executive officers resigned at closing, several former directors left the board, and a new nine‑member board was installed, including a new chairman. The company also adopted the REalloys 2025 Long‑Term Incentive Plan and approved standard stock option and restricted stock award agreements.

When will financial statements for the combined REalloys Inc. be available?

The company stated it will file required financial statements of the acquired business and related pro forma financial information no later than seventy‑one days after the date this current report is required to be filed, providing more detail on the combined entity’s financial profile.

Filing Exhibits & Attachments

14 documents
Blackboxstocks Inc

NASDAQ:BLBX

BLBX Rankings

BLBX Latest News

BLBX Latest SEC Filings

BLBX Stock Data

78.14M
2.66M
Software - Application
Metal Mining
Link
United States
DALLAS