Blackboxstocks Inc. (NASDAQ: BLBX) announced today that its merger target, REalloys Inc., has entered into a designate director agreement with Bob Foresman, who will join the REalloys Board of Directors upon the closing of the merger. The announcement comes as the companies’ registration statement on Form S-4 has been declared effective by the U.S. Securities and Exchange Commission, and the merger is expected to close in the near term, pending NASDAQ listing approval.
Foresman currently serves as Vice Chairman of KingsRock Advisors and previously served as Vice Chairman of UBS Investment Bank from 2016 to 2020, where he was one of UBS’s most senior global origination and client coverage bankers. His career includes senior leadership positions at Barclays, Renaissance Capital, Dresdner Kleinwort Wasserstein, and ING Barings, as well as work with the International Finance Corporation (World Bank Group). He has served on numerous NYSE- and NASDAQ-listed company boards, bringing extensive experience in capital markets strategy, governance oversight, and cross-border transactions.
“We are fortunate to add a distinguished capital markets expert to the REalloys Board of Directors. As we approach completion of our merger and anticipated NASDAQ listing, Bob’s experience as Vice Chairman of UBS and his decades of leadership in global capital markets significantly strengthen our governance and enhance our ability to execute with discipline as we scale our integrated rare earth platform,” said Leonard Sternheim, CEO of REalloys.
Foresman will serve on the Audit Committee of REalloys and will act as the committee’s qualified financial expert, reinforcing REalloys’ financial oversight and governance framework as it transitions to the public markets. His appointment follows the recent addition of General Jack Keane (U.S. Army, Ret.) to the Board, further expanding a deep leadership group that includes Board Chairman Stephen S. duMont, and Directors Ambassador David MacNaughton and The Honorable Brad Wall.
REalloys is advancing a fully integrated North American mine-to-magnet supply chain encompassing upstream resource development, midstream processing, and downstream manufacturing. The company’s upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a diversified network of allied feedstock and recycling partners. Together with the Saskatchewan Research Council (SRC), REalloys is building a platform to scale North American midstream separation, refining, and metallization capabilities. These refined materials feed into REalloys’ downstream manufacturing operations in Euclid, Ohio, where the company produces advanced alloys and magnet components for defense, clean-energy, and high-performance industrial applications. REalloys’ Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense (DoD), Department of Energy (DOE), and National Aeronautics and Space Administration (NASA), in addition to the broader Defense Industrial Base.
The merger with Blackboxstocks will allow REalloys to operate as a publicly traded company. Blackboxstocks Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders. The company’s web-based software employs predictive technology enhanced by artificial intelligence to find volatility and unusual market activity. For more information, go to Blackboxstocks website or REalloys website.
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