SilverBox Corp IV (NYSE: SBXD) seeks vote on SPAC extension
SilverBox Corp IV is calling an extraordinary general meeting on August 11, 2026 for shareholders to vote on three proposals. The first would amend its charter to extend the deadline to complete a business combination from August 19, 2026 to December 19, 2026. The second would remove the $5,000,001 net tangible asset “Redemption Limitation,” allowing redemptions even if trust assets fall below that level. The third would permit adjournment if more time is needed to secure votes.
The company is pursuing a proposed business combination with Parataxis Holdings Inc. and cites ongoing registration and proxy work as the reason more time is needed. As of June 30, 2026, the trust account held $217,134,228, implying an estimated redemption price of about $10.85 per public share at the meeting. Shareholders may redeem regardless of how they vote, and will retain redemption and voting rights on a future merger if they do not redeem now.
If the extension and redemption limitation amendments are not approved and no business combination closes by August 19, 2026, the company will liquidate the trust, returning roughly $10.05 per share to public shareholders and winding up, with warrants expiring worthless. There are 25,455,000 ordinary shares outstanding, including 5,000,000 founder shares; the sponsor and insiders, who hold all founder shares, intend to vote in favor. The extension and redemption limitation amendments each require approval by at least two-thirds of votes cast; the adjournment proposal requires a simple majority.
Positive
- None.
Negative
- None.
Filing Explained
The July 17 definitive proxy is still a proposal; if both amendments are approved and redemptions occur, the filing says Sponsor’s percentage interest will increase as trust funds are paid to redeeming public holders.
Key Figures
Key Terms
Redemption Limitation financial
Trust Account financial
business combination financial
CFIUS regulatory
Investment Company Act regulatory
penny stock regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is SilverBox Corp IV (SBXD) asking shareholders to approve?
How does the proposed extension affect SBXD’s SPAC timeline and Parataxis deal?
What redemption rights and cash per share are offered to SBXD public shareholders?
What happens if SBXD shareholders do not approve the extension or redemption changes?
How many SBXD shares are outstanding and how will insiders vote?
How could heavy redemptions impact SBXD’s Parataxis business combination?
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
A Cayman Islands Exempted Company
8701 Bee Cave Road
East Building, Suite 310
Austin, TX 78746
ANNUAL GENERAL MEETING
To Be Held at 10:00 a.m. Eastern Time on August 11, 2026
Chief Executive Officer (Principal Executive Officer)
A Cayman Islands Exempted Company
(Company Number 368378)
8701 Bee Cave Road
East Building, Suite 310
Austin, TX 78746
ANNUAL GENERAL MEETING
TO BE HELD ON AUGUST 11, 2026
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Individuals call toll-free: (800) 662-5200
Banks and Brokerage Firms, please call (203) 658-9400
Email: SBXD.info@investor.sodali.com
1 State Street 30th Floor
New York, New York 10004
Attention: SPAC Redemptions
Email: spacredemptions@continentalstock.com
SHAREHOLDERS EXERCISING REDEMPTION RIGHTS
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Individuals call toll-free: (800) 662-5200
Banks and Brokerage Firms, please call (203) 658-9400
Email: SBXD.info@investor.sodali.com
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Class A Ordinary Shares
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Class B Ordinary Shares
|
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| | | |
Beneficially
Owned |
| |
Approximate
Percentage of Class Issued and Outstanding Ordinary Shares |
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Beneficially
Owned |
| |
Approximate
Percentage of Class Issued and Outstanding Ordinary Shares |
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| Name and Address of Beneficial Owner(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
|
SilverBox Sponsor IV LLC(1)(2)(3)
|
| | | | — | | | | | | — | | | | | | 5,455,000 | | | | | | 21.4% | | |
|
Joseph Reece(1)(2)(3)
|
| | | | — | | | | | | — | | | | | | 5,455,000 | | | | | | 21.4% | | |
|
Boxwood Holdings III LLC(1)(2)(3)
|
| | | | — | | | | | | — | | | | | | 5,455,000 | | | | | | 21.4% | | |
|
Stephen Kadenacy(1)(2)(3)
|
| | | | — | | | | | | — | | | | | | 5,455,000 | | | | | | 21.4% | | |
|
Duncan Murdock
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Jin Chun
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Daniel E. Esters
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
David Lee
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Glenn Marino
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Jonathan Lewis
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Reed J. Seaton
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
All executive officers and directors as a group (9 individuals)
|
| | | | — | | | | | | — | | | | | | 5,455,000 | | | | | | 21.4% | | |
|
Holders of more than 5% of SilverBox any class of outstanding ordinary shares
|
| | | | | | | | | | | | | | | | | | | | | | | | |
|
Polar Asset Management Partners(4)
|
| | | | 1,480,000 | | | | | | 7.2% | | | | | | — | | | | | | 5.8% | | |
|
Mizuho Financial Group, Inc.(5)
|
| | | | 1,645,673 | | | | | | 8.0% | | | | | | — | | | | | | 6.4% | | |
|
AQR Capital Management, LLC(6)
|
| | | | 1,347,002 | | | | | | 6.5% | | | | | | — | | | | | | 5.3% | | |
|
W.R. Berkley Corporation(7)
|
| | | | 1,211,674 | | | | | | 5.9% | | | | | | — | | | | | | 4.7% | | |
|
Barclays PLC(8)
|
| | | | 1,431,850 | | | | | | 7.0% | | | | | | | | | | | | 5.6% | | |
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Shareholders, please call toll free: (800) 662-5200
Banks and Brokerage Firms, please call collect: (203) 658-9400
Email: SBXD.info@investor.sodali.com
TO THE
AMENDED AND RESTATED
MEMORANDUM AND ARTICLES OF ASSOCIATION
OF
SILVERBOX CORP IV (THE “COMPANY”)
TO THE
AMENDED AND RESTATED
MEMORANDUM AND ARTICLES OF ASSOCIATION
OF
SILVERBOX CORP IV (THE “COMPANY”)