Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001104659-25-074831
Chunk: 3

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
Chunk 3
---
, the Company Holders will not be entitled to receive the
applicable portion of the Earnout Shares (along with any Earnings thereon).

As consideration for the SPAC
Merger, at the Effective Time, (i) all issued and outstanding SPAC Public Units will be automatically detached and the holder thereof
shall be deemed to hold (A) one SPAC Class A Ordinary Share, which will be converted into one share of Pubco Class A Stock, and (B) one-third
(1/3) of one SPAC Public Warrant, which will be converted into one third (1/3) of one warrant entitling the holder thereof to purchase
one (1) share of Pubco Class A Stock at a price of $11.50 per share (a “ Pubco Public Warrant”), (ii) all issued and
outstanding SPAC Private Units shall be automatically detached and the holder thereof shall be deemed to hold (A) one SPAC Class A Ordinary
Share, which will be converted into one share of Pubco Class A Stock, and (B) one-third (1/3) of one SPAC Private Warrant, which will
be converted into one third (1/3) of one warrant entitling the holder thereof to purchase one (1) share of Pubco Class A Stock at a price
of $11.50 per share (a “ Pubco Private Warrant”), and (iii) each issued and outstanding SPAC Class B Ordinary Share
shall be converted automatically into one SPAC Class A Ordinary Share, which will be converted into the right to receive one share of
Pubco Class A Stock. Also at the Effective Time, each issued and outstanding SPAC Public Warrant shall be converted into one Pubco Public
Warrant and each issued and outstanding SPAC Private Warrant shall be converted into one Pubco Private Warrant.

Pursuant to the Sponsor Letter
Agreement (as defined below), which was signed concurrently with the Business Combination Agreement, at the Closing, up to 150,000 shares
of Pubco Class A Stock to be issued to the Sponsor in the SPAC Merger (the “ Sponsor Earnout Shares”) will be deposited
in an escrow account and released in the same proportions and upon achievement of the same share price targets (including in connection
with a Qualifying Change of Control) as apply with respect to the Earnout Shares.

Holders of shares of Pubco
Class A Stock issued in