Benzinga | Jan 10, 2022 08:00AM EST

EXCLUSIVE: Blackboxstocks Announces Stock Repurchase Program Of Up To $2.5 Million

DALLAS, TX -- January 10, 2021-- 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 announced that the Company's Board of Directors has

approved a stock repurchase program for up to $2.5 million of the

Company's common stock.

The repurchase plan will expire on December 31, 2022. The timing and

actual number of shares repurchased will depend on a variety of factors

including but not limited to share price, trading volume, general business

and market conditions as well as other potential investment opportunities.

The repurchase program will be executed consistent with the Company's

capital allocation strategy, which will continue to prioritize aggressive

investments to grow the business.

"This stock repurchase program demonstrates management's confidence in

our business prospects and enables us to purchase shares at what we

believe to be a significant discount to their intrinsic value," said Robert

Winspear, Chief Financial Officer of Blackboxstocks. "We believe we can

leverage the strength of our balance sheet to execute this plan without

impeding any of our growth initiatives."

Under the repurchase program, repurchases can be made from time to time

using a variety of methods, including open market purchases, all in

compliance with the rules of the United States Securities and Exchange

Commission and other applicable legal requirements.

The repurchase program does not obligate the Company to acquire any

specific amount of the Company's common stock, and may be suspended,

modified or discontinued at any time at the Company's discretion.

About Blackboxstocks, Inc.

Blackboxstocks, Inc. is a financial technology and social media hybrid

platform offering real-time proprietary analytics and news for stock and

options traders of all levels. Our web-based software employs "predictive

technology" enhanced by artificial intelligence to find volatility and unusual

market activity that may result in the rapid change in the price of a stock or

option. Blackbox continuously scans the NASDAQ, New York Stock Exchange,

CBOE, and all other options markets, analyzing over 10,000 stocks and up to

1,500,000 options contracts multiple times per second. We provide our users

with a fully interactive social media platform that is integrated into our

dashboard, enabling our users to exchange information and ideas quickly

and efficiently through a common network. We recently introduced a live

audio/screenshare feature that allows our members to broadcast on their

own channels to share trade strategies and market insight within the

Blackbox community. Blackbox is a SaaS company with a growing base of

users that spans 42 countries; current subscription fees are $99.97 per

month or $959.00 annually. For more information, go to:

www.blackboxstocks.com

Safe Harbor Statement

Our prospects here at Blackboxstocks are subject to uncertainties and risks.

This press release contains forward-looking statements that involve

substantial uncertainties and risks. These forward-looking statements are

based upon our current expectations, estimates and projections about our

business, and reflect our beliefs and assumptions based upon information

available to us at the date of this press release. In some cases, you can

identify these statements by words such as "if," "may," "might," "will,

"should," "expects," "plans," "anticipates," "believes," "estimates,"

"predicts," "potential," "continue," and other similar terms. These forward-

looking statements include, among other things, plans for proposed

operations, descriptions of our strategies, our product and market

development plans, and other objectives, expectations and intentions, the

trends we anticipate in our business and the markets in which we operate,

and 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 the forward-looking statements as a result of a

number of factors including, but not limited to, the risks and uncertainties

discussed under risk factors in our registration statement on Form S-1, as

amended (File No. 333- 260065) as well as our other filings with the SEC. We

undertake no obligation to revise or update any forward-looking statement

for any reason.