Blackboxstocks Announces $8.5M Investment Stake In Evtec Group As Initial Step Toward Merger
Portfolio Pulse from Benzinga Newsdesk
Blackboxstocks announced an $8.5 million investment stake in Evtec Group, issuing 2.4 million shares of Series B Convertible Preferred Stock. This move is an initial step towards a merger and helps Blackbox regain compliance with NASDAQ's stockholder equity requirement.
June 15, 2023 | 12:35 pm
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Blackboxstocks' $8.5M investment in Evtec Group is an initial step towards a merger and helps regain NASDAQ compliance.
The $8.5 million investment in Evtec Group is a significant move for Blackboxstocks, as it not only represents an initial step towards a merger but also helps the company regain compliance with NASDAQ's stockholder equity requirement. This news is likely to have a positive short-term impact on Blackboxstocks' stock price.
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