SilverBox Corp V

SBXE: 10-Q · periodic report

SilverBox Corp V, a pre-deal blank check company, reported Q2 2026 net income of $1,749,483, driven by $2,499,063 of interest earned on its trust account and offset by $230,798 of operating costs and a $518,782 loss from the change in fair value of warrant liabilities. The trust account grew to $281,657,661 as of June 30, 2026 ($10.21 per share redemption value across 27,600,000 Class A shares), up from $276,768,884 at year-end 2025. The company has not commenced operations, has not selected a Business Combination target, and has not initiated any substantive discussions with any target. Management disclosed that its liquidity condition raises substantial doubt about its ability to continue as a going concern, with cash outside the trust down to $383,385 from $812,892 at December 31, 2025. The company has 24 months from its December 4, 2025 IPO to complete a Business Combination or face redemption and liquidation, and management plans to address the uncertainty through a Business Combination.

SEC 10-Q•2mo ago

SBXE: 10-Q · periodic report

SilverBox Corp V, a blank check company, has not yet commenced any operations. The company's only activities to date have been organizational and those necessary to prepare for the Initial Public Offering (IPO) completed on December 4, 2025. The IPO generated gross proceeds of $276,000,000, with 27,600,000 units sold at $10.00 per unit. For the three months ended March 31, 2026, the company reported a net income of $577,337, primarily driven by interest earned on investments held in the Trust Account, which amounted to $2,389,714. This was offset by operating costs of $1,460,227 and a change in the fair value of warrant liabilities of $352,150. As of March 31, 2026, the company had cash of $665,875 and a working capital surplus of $633,613. The company's liquidity is primarily derived from the Trust Account, which holds $279,158,598 in marketable securities, consisting of U.S. Treasury Bills. The company's ability to continue as a going concern is dependent on its ability to complete a business combination within the 24-month period from the IPO closing. If the company fails to complete a business combination, it will be required to liquidate and return funds to public shareholders.

SEC 10-Q•5mo ago