Company: SBXD
Filing Date: 2025-08-07
Form Type: 425
Source: 0001104659-25-074863
Chunk: 24

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 425
Chunk 24
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 assets for U.S. and foreign tax
purposes; (14) after consummation of the Transactions, Pubco experiences difficulties managing its growth and expanding operations;
(15) challenges in implementing Pubco’s business plan due to operational challenges, significant competition and regulation;
(16) being considered to be a “shell company” by the securities exchange on which Pubco Class A Stock will be listed or
by the SEC, which may impact the ability to list Pubco Class A Stock and restrict reliance on certain rules or forms in connection
with the offering, sale or resale of securities; (17) the outcome of any potential legal proceedings that may be instituted against
Pubco, the Company, SPAC or others following announcement of the Transactions; (18) trading price and volume of Pubco Class A Stock
may be volatile following the Transactions and an active trading market may not develop; (19) Pubco stockholders may experience
dilution in the future due to the exercise of a significant number of existing warrants and any future issuances of equity
securities in Pubco; (20) investors may experience immediate and material dilution upon Closing as a result of the SPAC Class B
Ordinary Shares held by the Sponsor, since the value of the SPAC Class B Ordinary Shares is likely to be substantially higher than
the nominal price paid for them, even if the trading price of Pubco Class A Stock at such time is substantially less than the price
per share paid by investors; (21) conflicts of interest that may arise from investment and transaction opportunities involving
Pubco, the Company, its affiliates and other investors and clients; (22) legal, regulatory, political, currency, and economic risks
specific to South Korea, including risks related to geopolitical tensions in the region; (23) risks related to, and potential loss
of the entire investment in, the Company’s potential investment in a single KOSDAQ-listed company; (24) Bitcoin trading venues
may experience greater fraud, security failures or regulatory or operational problems than trading venues for more established asset
classes; (25) the custody of Pubco’s Bitcoin, including the loss or destruction of private keys required to access its Bitcoin
and cyberattacks or other data loss relating to its Bitcoin, which could cause Pubco to lose some or all of its Bitcoin; (26) a
security breach or cyber-attack and unauthorized parties obtain access to Pubco’s Bitcoin assets, Pubco may lose some or all
of its Bitcoin