SilverBox Corp IV shareholders will vote on August 11 on a four-month extension to prevent the SPAC from liquidating. The trust held $217.1 million as of June 30, but redemptions could significantly reduce this amount before closing. The merger with Parataxis Holdings requires a minimum of $25 million in net cash after redemptions and transaction expenses to proceed. If both required amendments fail or if no deal closes by August 19, the SPAC must cease operations and warrant holders will lose their entire investment. Parataxis invested $31 million in preferred equity and acquired approximately 263.78 Bitcoin in August 2025, separate from the trust.
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