Company: SBXD
Filing Date: 2025-08-07
Form Type: 425
Source: 0001104659-25-074863
Chunk: 14

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 425
Chunk 14
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Statement. To the extent that any such shares of Pubco Class A Stock are unable to be included on the Registration Statement, the Company
has agreed to certain obligations to have Pubco register and maintain the registration of the shares of Pubco Class A Stock into which
the Preferred Equity Units will be converted, including that, as soon as reasonably practicable but no later than forty-five (45) calendar
days after the Closing of the Transactions, Pubco shall file with the SEC (at Pubco’s sole cost and expense) a registration statement
registering the resale of the shares of Pubco Class A Stock into which the Preferred Equity Units will be converted, and Pubco shall have
such registration statement declared effective as soon as practicable after the filing thereof, but no later than 90 calendar days after
the Closing of the Transactions, which may be extended an additional 30 calendar days depending on the level of SEC review involved.

The form of the Preferred Equity Investment Subscription Agreement is filed as Exhibit 10.4 to this Current Report on Form 8-K, and the foregoing description thereof is qualified in its entirety by reference to the full text of the form of the Preferred Equity Investment Subscription Agreement and the terms of which are incorporated by reference herein.

Standby Equity Purchase Agreement

Contemporaneously with the execution of the Business Combination Agreement, the Company and Pubco entered into the SEPA with YA II PN, LTD. (“ Yorkville”) pursuant to which, subject to the consummation of the Business Combination, Pubco has the option, but not the obligation, to issue, and Yorkville shall subscribe for, an aggregate amount of up to $400.0 million (the “ Commitment Amount”) of Pubco Class A Stock (such shares, the “ SEPA Shares”) at the time of Pubco’s choosing during the 36 months following the Closing, subject to certain limitations. Sales of the SEPA Shares to Yorkville, and the timing of any such sales, are at Pubco’s option, and Pubco is under no obligation to sell any SEPA Shares to Yorkville.

Each advance (each, a “ SEPA Advance”) Pubco requests in writing to Yorkville under the SEPA (notice of such request, a “ SEPA Advance Notice”) may be for a number of SEPA Shares up to such number of shares as is equal to 100% of the average daily trading volume of the shares of Pubco Class A Stock during the five consecutive trading days immediately prior to the date of