Blackboxstocks, Inc. and Evtec Aluminium Limited Mutually Agree to Terminate Share Exchange Agreement
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Blackboxstocks Inc. (NASDAQ: BLBX) and Evtec Aluminium Limited have mutually agreed to terminate their Share Exchange Agreement, which would have made Evtec a subsidiary of Blackboxstocks. The company will also withdraw its related SEC registration statement.
January 17, 2025 | 9:45 pm
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Blackboxstocks Inc. has terminated its Share Exchange Agreement with Evtec Aluminium Limited, which would have made Evtec a subsidiary. The company will also withdraw its SEC registration statement.
The termination of the Share Exchange Agreement suggests a significant change in Blackboxstocks' strategic direction, potentially impacting investor sentiment negatively in the short term. The withdrawal of the SEC registration statement further indicates a halt in the planned acquisition process.
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