Blackboxstocks, Inc. Engages Boustead Securities and Announces $2.2M Private Placement Offering
Updated: Jul 29, 2019
Boustead Securities client Blackboxstocks Inc. (OTC PINK: BLBX) (“Blackbox”), a developer of real-time web and mobile based analytical software tools for stock and options traders, today announced that it has entered into an exclusive advisory agreement with Boustead Securities, LLC (“Boustead”), a full service middle market investment bank. The agreement was signed on March 5, 2019 and is for a term of 24 months.
Services to be performed by Boustead include assisting Blackbox with a private placement offering of up to $2.2 million for growth capital and to position the Company to qualify for an uplisting to a national exchange.
“We look forward to working with Boustead on these important initiatives,” said Gust Kepler, President and CEO of Blackboxstocks Inc. “Boustead has a great track record and specializes in working with many fast growing, early stage companies like ours. This interim round of funding will hopefully help facilitate our plans for growth and retiring debt prior to a planned secondary offering and listing on a national exchange.”
”Gust and his team have done a great job in building Blackboxstocks and we are privileged to help them with their private placement and future capital markets initiatives,” said Keith Moore, CEO of Boustead Securities, LLC.
Blackboxstocks is a developer of real-time web and mobile-based analytical software tools for stock and options traders with a growing base of users that spans 42 countries. The Company provides its subscribers with a fully interactive chat and social media platform that is integrated into its analytics dashboard that allows users to exchange information and ideas quickly and efficiently through a common network. Blackbox is a SaaS model company with subscription fees of $99.97 per month or $959.00 annually.
This press release is not a solicitation or offer to buy or sell securities. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved.
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a unique financial technology and social media platform that offers both web and mobile-based analytical software tools for stock and options traders of all levels. The Blackbox platform employs “predictive technology” enhanced by artificial intelligence to find volatility and unusual market activity that may result in rapid changes in a stock’s price. Long before the market opens, Blackbox servers drive proprietary algorithms at near light speed, similar to those used in “high frequency trading” (HFT), monitoring and analyzing over 13,000 stocks and options traded on the NYSE, NASDAQ, and OTC exchanges. Blackbox provides its users with a fully interactive chat and social media platform that is integrated into a simple and easy to use dashboard. Most recently, a live audio/video feature was introduced that enables subscribers to broadcast on their own channels in order to share trading strategies and market insight within the Blackbox community. For more information, please visit: www.blackboxstocks.com
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that advises clients on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions. Our core value proposition is our ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, please visit www.boustead1828.com.
Forward Looking Statements
The Company has made statements in this press release that are considered "forward-looking statements" which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of such words or similar expressions. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in the "Risk Factors" section of the Final Offering Circular. We assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or circumstances, or changes in the Company’s expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.