Company: SBXD
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001410578-25-000335
Chunk: 4

Company: SilverBox Corp IV
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 4
---
 membership interests, an aggregate of 350,000 of the 455,000 Private Placement Units at a price of $10.00 per Unit ($3,500,000 in the aggregate) in the private placement that closed simultaneously with the closing of the Initial Public Offering. Each Sponsor Non-Managing Member purchased through the Sponsor non-managing membership interests at a nominal purchase price in an aggregate of 2,800,000 Founder Shares held by the Sponsor.

Following the Initial Public Offering and the sale of the Private Placement Warrants, a total of $201,000,000 was placed in a trust account (“Trust Account”) located in the United States, with Continental Stock Transfer & Trust Company acting as trustee, and has been invested only in U.S. “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (“Investment Company Act”), having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations, or held as cash, as determined by us, until the earlier of: (i) the completion of an initial business combination and (ii) the distribution of the Trust Account as described below.

We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our initial business combination. To the extent that our capital share or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

We have been formed as part of a long-term vision to sponsor a series of special purpose acquisition companies (“SPACs”). Members of our management team worked together as executive officers or members of the board of directors of Boxwood Merger Corp, which completed its initial business combination with Atlas Technical Consultants, Inc., and as executive officers of members of the board of directors of SilverBox Engaged Merger Corp (“SBEA”), which completed its initial business combination with Black Rifle Coffee Company and SilverBox Corp III (“SBXC”). Therefore, we represent the fourth SPAC that members of our management team have lead. We believe this vision, strategy and experience will serve as a competitive advantage for