The IPO Buzz: SilverBox Corp. IV (SBXD.U) Raised $200 Million in SPAC IPO – As Expected

SilverBox Corp. IV  (SBXD.U) raised $200.0 million – as expected – with its SPAC IPO priced on Thursday night, Aug. 15, 2024. The deal’s terms: 20.0 million units at $10.00 each. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. SilverBox Corp. IV is expected to start trading today – Friday, Aug. 16, 2024 – on the New York Stock Exchange. Santander US Capital Markets, LLC acted as the sole book-runner. SilverBox Corp. IV, based in Austin, Texas, is incorporated in the Cayman Islands. SilverBox Corp. IV says it will seek to acquire one or more businesses with an aggregate enterprise value in excess of $750 million. Target sectors may include consumer, food and agriculture; e-commerce, Internet and retail; financial services and financial technology (FinTech); media, entertainment and hospitality; business services, software and SaaS (Software as a Service); telecommunications services and technology; industrial technology, infrastructure and energy transition, according to the prospectus. Stephen M. Kadenacy, the chairman and CEO of SilverBox Corp. IV, is a co-founder and a co-managing partner of SilverBox Capital. He has been serving as the CFO of Black Rifle Coffee Co. (BRCC) since September 2023. Black Rifle Coffee Company, a veterans-owned business, went public in February 2022 through the closing of a business combination by its parent, Authentic Brands LLC, with SilverBox Engaged Merger Corp. I (SBEA).  Kadenacy previously was the president and COO of AECOM, a large engineering and technical services business, where he rose from senior vice president in 2008 to the C-suite in 2011, when he was named CFO, and moved up to become the president of AECOM in 2014, according to his LinkedIn profile. Earlier in his career, he worked for KPMG from 1996 – 2008. Kadenacy was a partner at KPMG from 2000 through 2008, according to his LinkedIn profile. Joseph E. Reece, the founding partner of SilverBox Corp. IV, is a co-founder and a co-managing partner of SilverBox Capital. He is also the CEO and the chief compliance officer of SilverBox Securities. Earlier in his career, Reece was the executive vice chairman and head of UBS Securities LLC’s Investment Bank for the Americas, and the  global head of equity capital markets and the co-head of credit risk at Credit Suisse, where he worked from 1997 to 2015. Reece previously was an attorney for 10 years, when he worked for the law firm Skadden, Arps, Slate, Meagher & Flom LLP, in the firm’s Los Angeles office from September 1993 to February 1997, according to his LinkedIn profile, and at the SEC as special counsel in Washington, D.C., from September 1987 to May 1992. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.)   Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.