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SilverBox Capital's SPAC SilverBox IV files for a $200 million IPO

June 18, 2024
SBXD.U

SilverBox IV, the fourth blank check company formed by members of SilverBox Capital, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.

The Austin, TX-based company plans to raise $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. At the proposed deal size, SilverBox IV would command a market value of $254 million.

SilverBox IV 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 (NYSE: BRCC; -38% from $10 offer price) in 2022, and Boxwood Merger, which completed its combination with Atlas Technical Consultants (acquired by GI Partners in 2023) in 2019.

SilverBox IV was founded in 2024 and plans to list on the NYSE under the symbol SBXD.U. Santander is the sole bookrunner on the deal.