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SilverBox Corp IV announces the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 per unit. Trading will begin on the New York Stock Exchange under the ticker symbol SBXD.U starting August 16, 2024. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing the purchase of one Class A share at $11.50. Separate trading of Class A shares and warrants will occur under SBXD and SBXD.WS, respectively. The IPO is scheduled to close on August 19, 2024, pending customary conditions.
The company aims to merge, amalgamate, or acquire businesses in an industry where its management's expertise will offer a competitive edge. Santander US Capital Markets is the sole book-running manager. A 45-day option to buy up to 3,000,000 additional units is available to cover over-allotments.
