Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001104659-25-074831
Chunk: 1

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
Chunk 1
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 a result of the Mergers, SPAC and the Company will
become wholly-owned subsidiaries of Pubco, and Pubco will become a publicly traded company, all upon the terms and subject to the
conditions set forth in the Business Combination Agreement and in accordance with applicable law. At least one (1) Business Day prior
to the Effective Time, SPAC will de-register from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman
Islands and into the State of Delaware so as to re-domicile as and become a Delaware corporation (the “ Conversion”).

Consideration

As consideration for the
Company Merger, at the Effective Time, (i) each common unit of membership in the Company (“ Company Common Unit”),
other than Company Common Units held by Edward Chin (the “ Key Company Holder”), will be converted into the right
to receive, in exchange for such Company Common Unit, a number of shares of Pubco Class A Stock equal to (A) the Exchange Ratio (as
defined below) multiplied by(B) one Company Unit, (ii) each non-voting preferred unit of the Company (“ Company
Preferred Unit,” and together with the Company Common Units, the “ Company Units”) will be converted
into the right to receive, in exchange for such Company Preferred Unit, a number of shares of Pubco Class A Stock equal to (A) the
Exchange Ratio multiplied bythe product of one Company Preferred Unit multiplied by1.30 plus(B) the
Preferred Holder Pro Rata Share of any Adjustment Shares, and (iii) each Company Common Unit held by the Key Company Holder as of
immediately prior the Effective Time will be converted into the right to receive, in exchange for such Company Common Unit, a number
of shares of Pubco Class C Stock equal to (A) one Company Common Unit multiplied by(B) the Exchange Ratio. In addition, each
Company Common Unit (including Company Common Units held by the Key Company Holder) will be entitled to receive its pro rata portion
of any Earnout Shares (as defined below), and each Company Preferred Unit will be entitled to receive additional shares of Pubco
Class A Stock to account for certain increases, if any, in the price of Bitcoin between the time of purchase of the Purchased
Bitcoin and the third business day prior to the date (the “ Closing Date”) of the closing of the Business
Combination (the “ Closing”), in each case, as provided in