Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001104659-25-074831
Chunk: 5

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
Chunk 5
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 the Business
Combination Agreement means, with respect to any specified person, any fact, event, occurrence, change or effect that has had, or would
reasonably be expected to have, individually or in the aggregate, a material adverse effect upon (i) the business, assets, Liabilities,
results of operations, prospects or condition (financial or otherwise) of such Person and its Subsidiaries, taken as a whole, or (ii)
the ability of such Person or any of its Subsidiaries to consummate the Business Combination, in each case subject to certain customary
exceptions. Certain of the representations are subject to specified exceptions and qualifications contained in the Business Combination
Agreement or in information provided pursuant to certain disclosure schedules to the Business Combination Agreement.

Covenants of the Parties

The Business Combination Agreement
also contains pre-closing covenants of the parties, including obligations of the parties to operate their respective businesses, in all
material respects, in the ordinary course of business consistent with past practice, and to refrain from taking certain specified actions
without the prior written consent of the Company, with respect to SPAC, and SPAC, with respect to the Company, Pubco and the Merger Subs,
in each case, subject to certain exceptions and qualifications. Additionally, the parties have agreed not to solicit, initiate, assist,
negotiate or enter into competing transactions, as further provided in the Business Combination Agreement. The covenants do not survive
the Closing (other than those that are to be performed after the Closing).

The Business Combination Agreement
also contains obligations of certain of the parties to use their reasonable best efforts to consummate the Business Combination. This
includes certain obligations of Pubco, the Company and SPAC with regards to carrying out any additional financing transactions in connection
with the Business Combination (the “ Additional Financing Transactions”), obligations of Pubco to use reasonable
best efforts to consummate the transactions contemplated by the Standby Equity Purchase Agreement (described below) (the “SEPA”),
and obligations of the Company to use reasonable best efforts to consummate the transactions contemplated by the Preferred Equity Investment
Subscription Agreements (described below) (the “ Preferred Equity Investment,” and together with the SEPA, the “ Initial
Financing Transactions” and together with any Additional Financing Transactions and the other transactions contemplated by the
Business Combination Agreement, the “ Transactions”).