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Get filing alertsREalloys divests entire Blackbox.io stake, exchanges 3.3M shares for preferred stock
Filed May 6, 2026 · Period ending May 5, 2026 · ~1 min read
Key Changes
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Company exchanged all 3,269,998 shares of Blackbox.io Series A Preferred Stock it owned for 1,084,999 shares of its own Series A Preferred Stock from Gust Kepler, completely exiting its Blackbox.io position.
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Separately, 1,634,999 Series A Preferred shares transferred from Kepler to Lipi Sternheim for $1.00 total ($0.0000006 per share), completing a previously announced transaction at an extremely low valuation.
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The option exercise with Kepler was executed under a February 2026 Put Right agreement, representing a structured unwinding of cross-holdings between the Company and Kepler.
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Summary
REalloys completed a significant restructuring of its equity holdings on May 5, 2026, divesting its entire stake in Blackbox.io. The company exchanged all 3.3 million Blackbox.io Series A Preferred shares for roughly 1.1 million of its own preferred shares held by Gust Kepler, pursuant to a put option agreement from February. This represents a complete exit from Blackbox.io and a reduction in shares outstanding held by insiders.
Concurrently, the company disclosed completion of a separate transaction where 1.6 million Series A Preferred shares moved from Kepler to Lipi Sternheim for just $1.00 total. The nominal price suggests this may be a related-party transfer or reorganization rather than an arm's-length sale, though no relationship disclosures were provided. Retail investors should watch for: (1) any explanation of why REalloys exited Blackbox.io entirely and what strategic shift this signals, (2) clarification on the relationship between the parties and the economic rationale for the $1.00 transfer, and (3) how these transactions affect voting control and the preferred stock liquidation preference stack.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
REALLOYS INC. filed an 8-K to disclose a Form of Option Exercise Agreement as an exhibit.
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Form of Option Exercise Agreement
The company has filed a Form of Option Exercise Agreement as Exhibit 10.1. This is a template agreement that would govern the exercise of stock options, though the 8-K does not disclose specific terms, parties, or the number of options involved. Without additional context, this appears to be a routine filing of a standard form agreement.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify