Interactive Brokers shares jump as it secures spot in S&P 500
DALLAS, TX – Blackboxstocks Inc. (NASDAQ:BLBX), a company specializing in computer programming services, has announced December 27, 2024, as the date for its 2024 Annual Meeting of Stockholders. The record date for stockholders eligible to receive notice and vote at the meeting is set for the close of business on October 28, 2024, according to a recent 8-K filing with the Securities and Exchange Commission.
The 8-K filing, dated today, also detailed the deadlines for stockholder proposals and nominations for directorship. These proposals must have been submitted by September 30, 2024, to be considered for inclusion in the company's proxy materials. This date is in accordance with the SEC's rules and Blackboxstocks' Amended and Restated Bylaws, which were filed with the SEC on April 19, 2022.
Blackboxstocks, originally named SMSA Ballinger Acquisition Corp before undergoing a name change in 2013, is headquartered in Dallas, Texas, and operates under the organization name 06 Technology. The company has been identified as an emerging growth company and is currently listed on The NASDAQ Capital Market under the ticker symbol BLBX.
The specifics regarding the time and location of the 2024 Annual Meeting will be provided in the company's proxy statement, which will be filed prior to the meeting date. The proxy statement will be available to stockholders and investors for review, as per standard regulatory requirements.
This announcement is part of the company's regular disclosures to the SEC and provides shareholders with critical information regarding their participation rights in the upcoming annual meeting. It is based on a press release statement from Blackboxstocks Inc. and serves to keep investors informed about important corporate governance matters.
InvestingPro Insights
As Blackboxstocks Inc. (NASDAQ:BLBX) prepares for its 2024 Annual Meeting of Stockholders, investors may find additional context from recent financial data and analyst insights valuable. According to InvestingPro, BLBX's market capitalization stands at a modest $9.72 million, reflecting its status as a small-cap company in the computer programming services sector.
Despite the company's small size, InvestingPro Tips highlight that BLBX holds more cash than debt on its balance sheet, which could be a positive sign for financial stability as it approaches its annual meeting. This cash position may be of interest to stockholders considering the company's future strategies and capital allocation.
However, it's worth noting that BLBX is currently trading at a low revenue valuation multiple, as indicated by another InvestingPro Tip. This could suggest that the market is cautious about the company's growth prospects or profitability. Indeed, the company's revenue for the last twelve months as of Q2 2024 was reported at $2.84 million, with a concerning revenue growth decline of -26.78% over the same period.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide deeper insights into BLBX's financial health and market position as the annual meeting approaches.
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