UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On March 2, 2023, SilverBox Corp III (the “Company”) completed (i) its initial public offering (the “IPO”) of 13,800,000 units, including 1,800,000 issued pursuant to the exercise of the underwriters’ over-allotment option in full (the “Units”), at an offering price of $10.00 per Unit and (ii) a private placement of 4,260,000 warrants with SilverBox Sponsor III LLC at a price of $1.50 per warrant (the “Private Placement”).
The net proceeds from the IPO, together with certain of the proceeds from the Private Placement, totaling $139,380,000 in the aggregate, were placed in a trust account with Continental Stock Transfer & Trust Company established for the benefit of the Company’s public stockholders and the underwriters of the IPO. Except for the withdrawal of interest earned on the amounts in the trust account to fund the Company’s franchise and income taxes, or upon the redemption by public stockholders of Class A common stock in connection with certain amendments to the Company’s amended and restated certificate of incorporation, none of the funds held in the trust account will be released until the completion of the Company’s initial business combination or the redemption by the Company of 100% of the outstanding shares of Class A common stock issued by the Company in the IPO if the Company does not consummate an initial business combination within 18 months after the closing of the IPO (or 21 months if the amount of to complete an initial business combination is extended as described in the Company’s registration statement).
An audited balance sheet as of March 2, 2023 reflecting receipt of the proceeds upon consummation of the IPO and Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Audited Balance Sheet |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 8, 2023
| SILVERBOX CORP III | ||
| By: | /s/ Stephen M. Kadenacy | |
| Name: | Stephen M. Kadenacy | |
| Title: | Chairman and Chief Executive Officer | |