Company: SBXD
Filing Date: 2025-08-07
Form Type: 425
Source: 0001104659-25-075274
Chunk: 14

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 425
Chunk 14
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 preferred equity
units of the Company, in a private placement, (the “Preferred Equity Units”), at a purchase price of $10.00 per unit
for an aggregate purchase price of $31,000,000, (the “Preferred Equity”).

As described above, the net
proceeds of the Preferred Equity Investment will be used by Pubco to purchase Bitcoin.

Pursuant to the Preferred
Equity Investment Subscription Agreements, Pubco has agreed to use commercially reasonable efforts to cause the shares of Pubco Class
A Stock into which the Preferred Equity Units will be converted upon consummation of the Company Merger to be registered on the Registration
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

As previously disclosed in the Initial Current Report, 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 Pub