Company: SBXD
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001410578-25-000335
Chunk: 23

Company: SilverBox Corp IV
Filing Date: 2025-03-13
Form: 10-K
Item: Item 13
Chunk 23
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 an aggregate of 2,800,000 founder shares held by the sponsor.

The private placement units (including the underlying private shares and private placement warrants and the Class A ordinary shares issuable upon exercise of the private placement warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by our sponsor until 30 days after the completion of our initial business combination.

If any of our officers or directors becomes aware of a business combination opportunity which is suitable for one or more entities to which he or she has fiduciary, contractual or other obligations or duties, he or she will honor these obligations and duties to present such business combination opportunity to such entities first, and only present it to us if such entities reject the opportunity and he or she determines to present the opportunity to us. Our officers and directors currently have other relevant fiduciary, contractual or other obligations or duties that may take priority over their duties to us.

Our sponsor, officers and directors or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, officers, directors or our or any of their respective affiliates and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection with activities on our behalf.

On April 18, 2024, our sponsor agreed to loan us up to $300,000. As of April 23, 2024, we had zero borrowings such promissory note. These loans are non-interest bearing, unsecured and are due at the earlier of December 31, 2024 and the closing of our initial public offering. These loans were repaid upon completion of our initial public offering out of the $750,000 of offering proceeds that was allocated for the payment of offering expenses (other than underwriting commissions) not held in the trust account. The value of our sponsor’s interest in this loan transaction corresponds to the principal amount outstanding under any such loan.

We have engaged SilverBox Securities to provide independent financial advisory services in connection with our initial public offering. As consideration for providing such services, we have agreed to pay SilverBox Securities a fee in an amount equal to (1) $170,000, such fee (which was to be reduced by $0