Blackboxstocks Announces $1.25M Private Placement Offering Priced At $4.00 per Share
Portfolio Pulse from Benzinga Newsdesk
Blackboxstocks Inc. (NASDAQ:BLBX) has announced a $1.25 million private placement offering priced at $4.00 per share. The company will invest $1.15 million into Evtec Aluminium and retain $100,000 for working capital. The investment will increase Blackbox's ownership in the combined company with Evtec Aluminium from 26.2% to 29.4%.
July 02, 2024 | 12:32 pm
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Blackboxstocks Inc. has closed a $1.25 million private placement offering priced at $4.00 per share. The company will invest $1.15 million into Evtec Aluminium and retain $100,000 for working capital. This investment will increase Blackbox's ownership in the combined company with Evtec Aluminium from 26.2% to 29.4%.
The private placement and subsequent investment into Evtec Aluminium are likely to be viewed positively by investors as it demonstrates strategic growth and increased ownership in a combined entity. This could lead to a short-term increase in BLBX's stock price.
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