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$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].