SilverBox IV, the fourth blank check company formed by members of SilverBox Capital, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The Austin, TX-based company is led by CEO and Chairman Stephen Kadenacy and Founding Partner Joseph Reece, the co-founders and Co-Managing Partners of SilverBox Capital. Reece and Kadenacy also co-founded Helena Capital and Boxwood Capital. The SPAC intends to acquire one or more businesses with an aggregate enterprise value in excess of $750 million.
Management's previous SPACs include: SilverBox Engaged Merger I, which completed its combination with Black Rifle Coffee (BRCC) in 2022, and Boxwood Merger, which completed its combination with Atlas Technical Consultants (acquired by GI Partners in 2023) in 2019. SilverBox III (SBXC.U) is searching for an acquisition target.
SilverBox IV plans to list on the NYSE under the symbol SBXD.U. Santander acted as sole bookrunner on the deal.
