Benzinga | Nov 17, 2021 03:37PM EST

Blackboxstocks Outlines Details Of Its Capital Structure, Number Of Free Trading Shares, Public Float

No Insider Sales since Uplisting to Nasdaq on November 10, 2021

DALLAS--(BUSINESS WIRE)-- Blackboxstocks Inc. (NASDAQ:BLBX) ("Blackbox"), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, today addressed the recent market volatility of its common stock price following the Company's NASDAQ listing on November 10, 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117006303/en/

Gust Kepler, Founder and CEO of Blackboxstocks, stated:

"In order to provide maximum transparency for all shareholders, new and old, I have included a statement from our transfer agent, Securities Transfer Corp. The statement above provides detailed information with regard to the number of BLBX common shares currently tradable within the DTC system.

Blackbox is a company founded with the mission of providing traders and investors with real-time information and insight into the stock market. In that light, I felt that it was appropriate to address current rumors that company insiders are selling shares, or that there were large free trading positions from early Blackbox investors that were sold indiscriminately during the first week BLBX stock traded on NASDAQ.

Specifically, on November 10, 2021, there were 312,680 shares of freely tradeable common stock held in the DTC (Cede & Co.) system prior to the sale of 2,400,000 shares of common stock in the concurrent offering and NASDAQ listing. As of the close of business yesterday, November 16, 2021, there were 2,999,790 shares. This is the sum of the 2,400,000 shares from the offering plus deposits of free trading shares by previous BLBX shareholders in the amount of 590,790 shares. There has been no insider selling.

In closing, this information is being publicly disclosed for maximum transparency. And while I am not going to opine on the current trading dynamic of our stock or the rumors of predatory short selling in our opening week, I will simply state that we had hoped that the investors in our most recent offering had purchased their shares for long term investment purposes based on the fundamentals of our company. We remain extremely confident in our business model and are proud to be listed on NASDAQ," concluded Mr. Kepler.