Company: SBXD
Filing Date: 2025-09-04
Form Type: 425
Source: 0001104659-25-087514
Chunk: 5

Company: SilverBox Corp IV
Filing Date: 2025-09-04
Form: 425
Chunk 5
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 nature of the price of Bitcoin; (10) that Pubco’s stock price will be highly correlated to the price of Bitcoin and the price of Bitcoin may decrease between the signing of the definitive documents for the Transactions and the closing of the Transactions or at any time after the closing of the Transactions; (11) increased competition in the industries in which Pubco will operate; (12) significant legal, commercial, regulatory and technical uncertainty regarding Bitcoin; (13) treatment of crypto assets for U.S. and foreign tax purposes; (14) that after consummation of the Transactions, Pubco may experience difficulties managing its growth and expanding operations; (15) challenges in implementing Pubco’s business plan due to operational challenges, significant competition and regulation; (16) Pubco being considered to be a “shell company” by the securities exchange on which Pubco securities will be listed or by the SEC, which may impact the ability to list Pubco securities and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; (17) the outcome of any potential legal proceedings that may be instituted against SilverBox, Parataxis, Pubco or others following announcement of the Transactions; (18) that trading price and volume of Pubco securities may be volatile following the Transactions and an active trading market may not develop; (19) that Pubco stockholders may experience dilution in the future due to the exercise of a significant number of existing warrants and any future issuances of equity securities in Pubco; (20) that investors may experience immediate and material dilution upon Closing as a result of the SilverBox Class B ordinary shares held by the sponsor of SilverBox, since the value of the SilverBox Class B ordinary shares is likely to be substantially higher than the nominal price paid for them, even if the trading price of Pubco securities at such time is substantially less than the price per share paid by investors; (21) conflicts of interest that may arise from investment and transaction opportunities involving Parataxis, Pubco, their affiliates and other investors and clients; (22) legal, regulatory, political, currency, and economic risks specific to South Korea, including risks related to geopolitical tensions in the region; (23) risks related to, and potential loss of the entire investment in, Parataxis’ investment in a KOSDAQ-listed company; (24) that Bitcoin trading venues may experience greater fraud, security failures or regulatory or operational problems than trading venues for more established asset classes; (25) the custody