Blackboxstocks Closes $ 1 Million Debt Financing From Feenix Venture Partners

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Capital will be deployed in the development of new functionalities for the exclusive trading platform

Blackboxstocks Inc. (OTC PINK: BLBX) (“Blackbox”), a hybrid financial technology and social media platform offering proprietary real-time analysis for equity and options traders of all skill levels, announced today have entered into a senior secured loan of $ 1.0 million from Feenix Enterprise Partners.

“This funding provides Blackbox with the resources to begin development of important new features for our platform, as well as to augment our current marketing efforts,” commented Gust Kepler, CEO of Blackbox.

Keith Lee, CEO of Feenix Venture Partners, added: “Blackboxstocks has done an amazing job developing their platform with the best trading analytics for their subscribers. We are delighted to partner with them to further enhance their product offering and build on their momentum. “

Principal payments of $ 10,000 per month begin in December 2021 with a due November 2022. This term can be extended for an additional year. The loan bears interest at the rate of 12% per annum. As part of the financing, Blackbox repaid $ 100,000 of existing senior debt and paid approximately $ 134,000 in trade debt.

About Feenix Venture Partners

Feenix Venture Partners (“Feenix”) is a private investment firm established in 2017 and based in New York. Feenix provides growth capital through debt, hybrids and equity capital to small and medium-sized businesses, primarily in the consumer sector. Feenix is ​​an active investor in the food and beverage, hospitality, direct-to-consumer e-commerce and SaaS businesses. For more information about the company, please visit: www.feenixpartners.com.

About Blackboxstocks, Inc.

Blackboxstocks, Inc. is a hybrid financial technology and social media platform providing exclusive, real-time news and analysis to stock and options traders of all skill levels. Our web software uses artificial intelligence enhanced “predictive technology” to detect volatility and unusual market activity that can cause the price of a stock or option to change rapidly. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE and all other options markets, analyzing over 8,000 stocks and up to 900,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated with our dashboard, allowing our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio / video feature which allows our members to broadcast on their own channels to share business strategies and market information within the Blackbox community. Blackbox is a SaaS company with a growing user base spanning 42 countries; current subscription fees are $ 99.97 per month or $ 959.00 per year. For more information, visit: www.blackboxstocks.com

Safe Harbor Declaration

Our outlook here at Blackbox stocks is subject to uncertainties and risks. This press release contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are based on our current expectations, estimates and projections about our business, and reflect our beliefs and assumptions based on information available to us as of the date of this press release. In some cases, you can identify these statements by words such as “if”, “may”, “could”, “will”, “should”, “expect”, “plan”, “anticipate”, ” believe ”,“ estimate ”“, “predict”, “potential”, “continue” and other similar terms. These forward-looking statements include, among other things, proposed plans of operations, descriptions of our strategies, our product and market development plans, and other objectives, expectations and intentions, trends that we anticipate in our the businesses and markets in which we operate, as well as the competitive nature and anticipated growth of those markets. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements. statements as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed in our other filings with the Securities Exchange Commission. We assume no obligation to revise or update any forward-looking statement for any reason.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20201120005172/en/

Contacts

[email protected]

GPC Council
Stéphanie Prince, Executive Director
(646) 762-4518
[email protected]

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