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Blackboxstocks Inc. (NASDAQ:BLBX), a company with a market capitalization of $21.7 million and trailing twelve-month revenue of $2.5 million, announced Tuesday that it has entered into an at-the-market (ATM) issuance sales agreement with Alexander Capital, L.P. According to InvestingPro data, the company faces liquidity challenges with short-term obligations exceeding liquid assets. Under the agreement, Blackboxstocks may offer and sell shares of its common stock, with a total aggregate offering price of up to $5,795,000, through Alexander Capital acting as its sales agent.
The company stated that sales of the shares, if any, will be made from time to time at prevailing market prices as permitted by law. The timing appears strategic, as InvestingPro data shows the stock has delivered a strong return of over 150% in the past six months. The ATM agreement allows Alexander Capital to use its commercially reasonable efforts to sell shares on behalf of Blackboxstocks, according to the company’s instructions and subject to the terms of the agreement.
The shares will be offered pursuant to Blackboxstocks’ shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission on January 31, 2025. A prospectus supplement related to this offering was dated July 1, 2025.
Blackboxstocks will pay Alexander Capital a commission equal to 3.0% of the gross proceeds from any sales made under the agreement and will reimburse certain expenses incurred by the sales agent. The company has also agreed to provide customary indemnification and contribution rights to Alexander Capital.
The ATM agreement will remain in effect until the earlier of the sale of all shares subject to the agreement or its termination by either party.
This information is based on a statement in a recent SEC filing. For deeper insights into BLBX’s financial health metrics and additional ProTips, consider exploring InvestingPro, which offers comprehensive analysis of the company’s performance and valuation metrics.
In other recent news, Blackboxstocks Inc. has amended its merger agreement with REalloys Inc. and RABLBX Merger Sub, Inc. to facilitate an at-the-market stock offering. The amendment, dated July 1, 2025, allows Blackboxstocks to offer up to 250,000 shares of its common stock without affecting the share calculation for the planned merger with REalloys. This development was detailed in a filing with the Securities and Exchange Commission. The amendment introduces a "Permitted Shelf Takedown," which refers to the at-the-market offering under Blackboxstocks’ existing shelf registration statement. It also updates the definition of "Parent Outstanding Shares" to exclude the 250,000 shares from merger consideration calculations. The original merger agreement, disclosed in March 2025, outlines that REalloys will merge into RABLBX Merger Sub, becoming a wholly owned subsidiary of Blackboxstocks. This amendment is attached as an exhibit in the company’s current report filing.
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