BLBX · United States
Cash Position
The company has 6.1 months of cash left based on the quarterly cash burn of $162.015 k and estimated current cash of $323.509 k
Commentary on Financial Condition
Blackboxstocks, Inc. is facing significant financial challenges, with substantial doubt about its ability to continue as a going concern due to operating and net losses, and a cash balance of only $60,921 as of September 30, 2024. The company is pursuing a merger with Evtec Aluminium to potentially attract additional capital, but there is no assurance of completing the transaction or securing sufficient liquidity. Additionally, Blackboxstocks may need to raise further debt or equity capital to fund operations, but there is no guarantee of success or favorable terms., Filed At: 2024-11-14
Former Symbols
No former symbols for BLBX
Nasdaq Compliance
Blackboxstocks Inc. has addressed its Nasdaq compliance issues related to the Audit Committee Composition rule by appointing Grant Evans as a new director on January 27, 2025. Evans's appointment ensures the board maintains a majority of independent directors, fulfilling Nasdaq's requirements as of the Filed At date of 2025-01-27.
Blackboxstocks Inc. has notified Nasdaq of non-compliance for not holding its 2024 annual meeting by the end of 2024, with the meeting now scheduled for February 7, 2025. The company has until February 27, 2025, to submit a compliance plan to Nasdaq. Filed At: 2025-01-16.
Blackboxstocks Inc. has recently addressed its Nasdaq compliance issues by appointing Grant Evans as a new independent director on January 27, 2025, ensuring the board maintains a majority of independent directors as required by Nasdaq rules. This follows a notification to Nasdaq on January 16, 2025, regarding non-compliance due to not holding its 2024 annual meeting by the end of 2024, with a compliance plan due by February 27, 2025. Filed At: 2025-03-10.
Previous Splits
Disclaimer: Data was sourced from filings using AI and may occasionally contain errors. Data is split adjusted
In the money
potentially in play
out of play
Pending Offering
Warrants
Convertibles
January 2025 - Additional Debentures
$5.00
Five Narrow Lane
Conversion price is 175% of the closing price of the Company’s common stock with a minimum price of $5.00 per share. additional funding will be contingent on these milestones: - Exchange of Initial Debentures: $250,000 in principal amount credited from the exchange of Initial Debentures. - Execution and Delivery of a Merger Agreement: $500,000 upon the execution and delivery of a Merger Agreement. - Filing of a Registration Statement on Form S-4: $750,000 upon filing with the Securities and Exchange Commission of a registration statement on Form S-4 in connection with the Merger Transaction. - Effectiveness of the Registration Statement: $500,000 upon the registration statement being declared effective.
ATM
Shelf
Equity Line
Completed Offerings
PRIVATE PLACEMENT, DEBT OFFERING (To be paid in tranches contingent on milestones)
-
8-K
IPO
$20.00
424B4
Tokens
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