Blackboxstocks, Inc. Announces $8.5 Million Investment Stake in Evtec Group as Initial Step Toward Merger
Summary
DALLAS--(BUSINESS WIRE)--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 of all levels, announced today that it executed a Securities Exchange Agreement with Evtec Group Limited on June 9, 2023. Gust Kepler, Chief Executive Officer of Blackbox, commented, “This agreement is an important first step in our merger plan with Evtec and demonstrates the strong financial commitment that both companies have to complete it. 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, visit: https://evtec-automotive.com/ 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.