Company: SBXD
Filing Date: 2025-08-07
Form Type: 425
Source: 0001104659-25-075274
Chunk: 24

Company: SilverBox Corp IV
Filing Date: 2025-08-07
Form: 425
Chunk 24
---
 others following announcement of the Transactions; (18) trading price and volume of Pubco Class A Stock
may be volatile following the Transactions and an active trading market may not develop; (19) Pubco stockholders may experience
dilution in the future due to the exercise of a significant number of existing warrants and any future issuances of equity
securities in Pubco; (20) investors may experience immediate and material dilution upon Closing as a result of the SPAC Class B
Ordinary Shares held by the Sponsor, since the value of the SPAC Class B Ordinary Shares is likely to be substantially higher than
the nominal price paid for them, even if the trading price of Pubco Class A Stock at such time is substantially less than the price
per share paid by investors; (21) conflicts of interest that may arise from investment and transaction opportunities involving
Pubco, the Company, its affiliates and other investors and clients; (22) legal, regulatory, political, currency, and economic risks
specific to South Korea, including risks related to geopolitical tensions in the region; (23) risks related to, and potential loss
of the entire investment in, the Company’s potential investment in a single KOSDAQ-listed company; (24) Bitcoin trading venues
may experience greater fraud, security failures or regulatory or operational problems than trading venues for more established asset
classes; (25) the custody of Pubco’s Bitcoin, including the loss or destruction of private keys required to access its Bitcoin
and cyberattacks or other data loss relating to its Bitcoin, which could cause Pubco to lose some or all of its Bitcoin; (26) a
security breach or cyber-attack and unauthorized parties obtain access to Pubco’s Bitcoin assets, Pubco may lose some or all
of its Bitcoin temporarily or permanently and its financial condition and results of operations could be materially adversely
affected; (27) the emergence or growth of other digital assets, including those with significant private or public sector backing,
including by governments, consortiums or financial institutions, could have a negative impact on the price of Bitcoin and adversely
affect Pubco’s business; (28) potential regulatory change reclassifying Bitcoin as a security could lead to the Pubco’s
classification as an “investment company” under the Investment Company Act of 1940 and could adversely affect the market
price of Bitcoin and the market price of Pubco listed securities; (29) it is not possible to predict the amount of Pubco Class A
Stock