Company: SBXD
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001410578-25-000335
Chunk: 22

Company: SilverBox Corp IV
Filing Date: 2025-03-13
Form: 10-K
Item: Item 13
Chunk 22
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Item 13.          Certain Relationships and Related Transactions, and Director Independence.

On April 18, 2024, our sponsor purchased an aggregate of 3,450,000 founder shares for an aggregate purchase price of $25,000. The number of founder shares issued was determined based on the expectation that the founder shares would represent 20% of the outstanding ordinary shares upon completion of the initial public offering. In May 2024, the company effected a share split for which an additional 2,300,000 founder shares were issued. As of September 30, 2024, the underwriters elected not to exercise the over-allotment option and the option expired, and the 750,000 Founder Shares were cancelled, resulting in the Sponsor holding an aggregate of 5,000,000 Founder Shares. Combined with the private placement units owned by the sponsor, the sponsor now owns 5,455,000 total Class B Shares representing 21.4% of the issued and outstanding ordinary shares

Our sponsor purchased an aggregate of 455,000 private placement units at a price of $10.00 per unit ($4,550,000 in the aggregate) in the private placement. The private placement units are identical to the public units sold in our initial public offering, except that the private placement units (including the underlying securities) are subject to certain transfer restrictions and the holders thereof are entitled to certain registration rights, as described herein, and the underlying warrants: (1) will not be redeemable by us and (2) may be exercised by the holders on a cashless basis. A portion of the purchase price of the private placement units will be added to the proceeds from our initial public offering to be held in the trust account such that at the time of closing $200.0 million was be held in the trust account. If we do not complete our initial business combination within the completion window, the private placement units (and the underlying securities) will expire worthless.

The sponsor non-managing members purchased non-managing membership interests in our sponsor reflecting interests in, an aggregate of 350,000 of the 455,000 private placement units purchased by our sponsor (whether or not the over- at a price of $10.00 per interest ($3,500,000 in the aggregate) in a private placement closed simultaneously with the closing of  the initial public offering. The sponsor issued non-managing membership interests at a nominal purchase price to the sponsor non-managing members reflecting interests in