Blackboxstocks, Inc. Acquisition Target, Evtec Aluminium, Appoints Three New Board Members

Rhea-AI Summary

Blackboxstocks Inc. announced the appointment of three new Board Members for its planned acquisition target, Evtec Aluminium Limited. The new members bring vast industry experience and will enhance Evtec's competencies. The merger with Evtec is progressing positively, showcasing commitment to excellence.

DALLAS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Blackboxstocks Inc. (NASDAQ: BLBX) (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders, announced today that its planned acquisition target, Evtec Aluminium Limited (“Evtec”), has appointed three new Board Members.

Julia Steinbrenner, Co-President of the New York Yankees Foundation and Co-Owner of Steinbrenner Racing; Steve Norris, former UK Minister for Transport and an automotive industry veteran; and Steve Illot, former Chief Investment Officer for BMO Asset Management in North America, will be joining the Evtec Board of Directors effective April 1, 2024. Ms. Steinbrenner, Mr. Norris and Mr. Illot are expected to be appointed to the Blackbox Board upon the closing of the merger with Evtec.

Evtec Chairman, David Roberts commented; “We are delighted to welcome Julia, Steve and Steve to the Evtec team. Together they bring a wealth of industry experience and insight as we continue to grow Evtec’s competencies to serve our customers as they transition to a new electrified era.”

Blackboxstocks, Inc CEO Gust Kepler said; “The appointment of Ms. Steinbrenner, Mr. Norris and Mr. Illot to the Evtec board is another important milestone for the company as we work to complete this merger. The addition of these new board members further demonstrates Evtec’s commitment to excellence in their industry sector and we are very pleased to welcome them to the team.”

About Evtec Aluminium

Evtec Aluminium is recognised as one of the world’s leading advanced aluminium castings and machining manufacturers supplying premium brand Original Equipment Makers (OEMS). It supplies a range of strategic auto parts on powertrain and EV packs as well as body-in-white structural parts, from its world-class facilities in the UK. Their business focuses on premium luxury brands and a market transition to electric vehicles, with Jaguar Land Rover as its largest customer. As a result of significant change in the global supply chain for auto manufacturing in Great Britain that places an increased need for local sourcing of parts, Evtec is well positioned to expand both organically and through acquisition. For more information, go to: www.evtec-aluminium.com

About Blackboxstocks, Inc.

Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans over 40 countries; current subscription fees are $99.97 per month or $959.00 annually.

For more information, go to: https://blackboxstocks.com/

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By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

Disclosure Information

Blackboxstocks uses and intends to continue to use its Investors website at https://blackboxstocks.com/company-overview as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company’s Investors website, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

Contacts

Investors@blackboxstocks.com

PCG Advisory
Stephanie Prince
(646) 863-6341
sprince@pcgadvisory.com

FAQ

Who are the new Board Members appointed by Evtec?

Julia Steinbrenner, Steve Norris, and Steve Illot have been appointed as new Board Members by Evtec.

What positions do the new Board Members hold?

Julia Steinbrenner is Co-President of the New York Yankees Foundation and Co-Owner of Steinbrenner Racing, Steve Norris is a former UK Minister for Transport and an automotive industry veteran, and Steve Illot is a former Chief Investment Officer for BMO Asset Management in North America.

When will the new Board Members join the Evtec Board of Directors?

The new Board Members are expected to join the Evtec Board of Directors effective April 1, 2024.

What is the significance of the new Board Members joining Evtec?

The new Board Members bring a wealth of industry experience and insight to enhance Evtec's competencies as they transition to a new electrified era.

How does Blackboxstocks Inc. CEO, Gust Kepler, view the appointment of the new Board Members?

Gust Kepler sees the appointment of the new Board Members as an important milestone for the company as they work towards completing the merger with Evtec.