Company: SBXD
Filing Date: 2025-08-07
Form Type: 8-K/A
Source: 0001104659-25-075273
Chunk: 2

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 8-K/A
Chunk 2
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 the “Business Combination”).
Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings given to them in the Business
Combination Agreement.

Pursuant to the Business Combination
Agreement, and subject to the terms and conditions set forth therein, (a) SPAC Merger Sub will merge with and into SPAC, with SPAC continuing
as the surviving company (the “SPAC Merger”), and with each SPAC Shareholder receiving one share of Pubco Class A common
stock (“Pubco Class A Stock”) for each SPAC Class A Ordinary Share held by such shareholder in accordance with the
terms of the Business Combination Agreement and (b) Company Merger Sub will merge with and into the Company, with the Company continuing
as the surviving entity (the “Company Merger” and, together with the SPAC Merger, the “Mergers,”
and the effective time of the Mergers, the “Effective Time”), and with the Company Holders receiving shares of Pubco
Class A Stock (other than the Key Company Holder (as defined below) who will receive shares of Pubco Class C common stock (“Pubco Class C Stock and together with the Pubco Class A Stock, “Pubco Stock”) in exchange for their Company Units (as
defined below) in accordance with the terms of the Business Combination Agreement. As 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