Blackboxstocks, which provides analytics for stock and options traders, raised $12 million by offering 2.4 million shares at $5, below the last close of its shares on the OTC ($7.10).
Blackboxstocks states that it is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Its web-based software (the "Blackbox System") employs predictive technology enhanced by AI, and continuously scans the NYSE, Nasdaq, CBOE, and other options markets, analyzing over 8,000 stocks and over 1,000,000 options contracts multiple times per second. The company employs a subscription based SaaS business model and maintains a growing base of users that currently spans 42 countries.
Blackboxstocks plans to list on the Nasdaq under the symbol BLBX. Alexander Capital acted as sole bookrunner on the deal.
