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, with Blackbox actively seeking other strategic merger options to enhance stockholder value [1][2]. Company Overview - Blackboxstocks, Inc. is a financial technology and social media hybrid platform that provides real-time proprietary analytics and news for stock and options traders. The platform employs predictive technology enhanced by artificial intelligence to identify volatility and unusual market activity [3]. - The company continuously scans major stock exchanges and options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. It offers a fully interactive social media platform integrated into its dashboard for users to exchange information and ideas [3]. - Blackbox operates on a subscription model, with current fees set at $99.97 per month or$959.00 annually, and has a growing user base across over 40 countries [3]. 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. However, due to unforeseen delays and costs, both companies decided to terminate the agreement [1][2]. - Blackbox's CEO expressed disappointment over the inability to complete the merger but emphasized respect for Evtec and its management, wishing them success in the future [2].