Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K/A
Source: 0001104659-25-075273
Chunk: 5

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K/A
Chunk 5
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a “Pubco Public Warrant”), (ii) all issued and
outstanding SPAC Private Units shall be automatically detached and the holder thereof shall be deemed to hold (A) one SPAC Class A Ordinary
Share, which will be converted into one share of Pubco Class A Stock, and (B) one-third (1/3) of one SPAC Private Warrant, which will
be converted into one third (1/3) of one warrant entitling the holder thereof to purchase one (1) share of Pubco Class A Stock at a price
of $11.50 per share (a “Pubco Private Warrant”), and (iii) each issued and outstanding SPAC Class B Ordinary Share
shall be converted automatically into one SPAC Class A Ordinary Share, which will be converted into the right to receive one share of
Pubco Class A Stock. Also at the Effective Time, each issued and outstanding SPAC Public Warrant shall be converted into one Pubco Public
Warrant and each issued and outstanding SPAC Private Warrant shall be converted into one Pubco Private Warrant.

Pursuant to the Sponsor Letter
Agreement (as defined below), which was signed concurrently with the Business Combination Agreement, at the Closing, up to 150,000 shares
of Pubco Class A Stock to be issued to the Sponsor in the SPAC Merger (the “Sponsor Earnout Shares”) will be deposited
in an escrow account and released in the same proportions and upon achievement of the same share price targets (including in connection
with a Qualifying Change of Control) as apply with respect to the Earnout Shares.

Holders of shares of Pubco
Class A Stock issued in the Mergers will be entitled to one (1) vote per share and to receive distributions in proportion to the number
of shares of Pubco Class A Stock held by such holders. In addition, the shares of Pubco Class A Stock will be listed for trading and will
be freely transferable, subject to the terms of the Lock-Up Agreements (as described below) and any restrictions pursuant to applicable
laws.

Holders of shares of
Pubco Class C Stock issued in the Company Merger, all of which immediately following the Closing will be held by an entity
controlled by the Key Company Holder, will collectively have 80% of the voting power of all shares of capital stock of Pubco
(including shares issued in the future) (such voting power, the “