Blackboxstocks Inc. (BLBX) completed its merger with REalloys Inc. on February 24, 2026, and the combined company began trading on the Nasdaq Capital Market under the name REalloys Inc. with the ticker symbol ALOY on the open of trading on February 25, 2026.
The merger closed after market hours on February 24, 2026, and the record date for eligibility to receive contingent value rights (CVRs) was set for February 23, 2026. Blackboxstocks shareholders will receive one CVR for each share of common stock outstanding on that record date. The CVRs entitle holders to cash payments related to certain transactions involving Blackbox.io Inc., the Nevada subsidiary that historically operated the Blackbox System, but the rights may expire with no value if the specified transactions do not occur.
Prior to the merger, Blackboxstocks operated a subscription‑based fintech and social‑media hybrid platform that delivered real‑time analytics to traders. The company reported a net loss of $4.09 million for the year ended December 31, 2025, up from a $3.47 million loss in the prior year, and revenue fell 5.3% year‑over‑year to $2.43 million. Operating metrics also reflected a negative EBITDA of $4 million, underscoring the financial challenges that prompted the strategic pivot.
REalloys brings a vertically integrated “mine‑to‑magnet” rare‑earth platform to the transaction. Its Hoidas Lake asset in Saskatchewan provides upstream resource development, while midstream processing capabilities—developed in partnership with the Saskatchewan Research Council—enable the removal of uranium and thorium from ore and the production of HF‑free metal. Downstream manufacturing in Ohio will produce alloys and magnet components. The combined company aims to become the largest producer of heavy‑rare‑earth oxides and metals outside China by the first half of 2027, positioning it to supply the U.S. defense, clean‑energy, and high‑performance industrial markets.
Ownership of the new entity will be heavily tilted toward REalloys shareholders, who are expected to hold approximately 92.7% of the combined company, while former Blackboxstocks shareholders will own about 7.3%. The merger therefore represents a significant dilution for Blackboxstocks investors and a consolidation of control in the hands of the rare‑earth platform.
The transaction marks a strategic pivot for Blackboxstocks, transforming it from a financially distressed fintech into a critical component of a secure, zero‑China rare‑earth supply chain that aligns with U.S. defense procurement priorities. The introduction of CVRs provides a potential upside for former Blackboxstocks shareholders, but the uncertainty surrounding their value and the possibility of expiration without payment add a layer of risk to the deal. Overall, the merger positions the new REalloys Inc. to play a central role in the U.S. rare‑earth industry while providing Blackboxstocks investors with a structured, albeit uncertain, exit vehicle.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.