Blackboxstocks Amends REalloys Merger Agreement to Revise Option Terms and Share Restrictions
Blackboxstocks Inc., RABLBX Merger Sub Inc., and REalloys Inc. have entered into a Third Amendment to their previously announced merger agreement. The latest amendment revises the Option Agreement, specifically updating the definition of "Shares" to reflect the Series A Convertible Preferred Stock held by the stockholder as of the Option Right Closing Date. It also clarifies the Shares involved under the Option Rights and Option Consideration and introduces a new restrictive covenant that prohibits the stockholder from transferring any of the Shares without the express written consent of the company. This amendment follows earlier updates to the merger agreement, including adjustments related to at-the-market offerings and the definition of "Permitted Transfer" in the CVR Agreement.
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