Shareholder Notice: M&A Class Action Ongoing Investigation into the Merger Involving BRY, BFIN, PINC, and BLBX
Class Action Firm Recognition: Monteverde & Associates PC, led by attorney Juan Monteverde, is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has successfully recovered millions for shareholders.
Ongoing Investigations: The firm is currently investigating several companies, including Berry Corporation, BankFinancial Corporation, Premier, Inc., and Blackboxstocks Inc., regarding their proposed sales and mergers, offering free consultations for concerned shareholders.
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Blackboxstocks Falls 14% Despite Announcement of Rare-Earth Supply Chain MOU
Stock Performance: Blackboxstocks Inc. (BLBX) experienced a 14.28% decline, trading at $8.14 after the announcement of a merger target, REAlloys Inc., signing a strategic MOU with Japan's JOGMEC.
MOU Details: The Memorandum of Understanding focuses on collaboration for technology transfer, investment, and allocation of rare-earth resources from REAlloys' projects in Canada and Brazil to support the U.S.-Japan supply chain.
Trading Activity: On the day of the announcement, BLBX opened at $9.45, reached a high of $9.60, and a low of $7.95, with trading volume exceeding average levels.
Stock Range: The stock's 52-week trading range is noted to be between $5.21 and $11.30.
Blackboxstocks Inc. (NASDAQ: BLBX) Merger Target REAlloys Inc. Partners with Japan's JOGMEC to Enhance U.S.-Japan Rare Earth Supply Chain Through Strategic MOU
Merger Announcement: Blackboxstocks Inc. announced that its merger target, REAlloys Inc., has signed a Memorandum of Understanding with JOGMEC to collaborate on rare earth development and technology transfer, marking JOGMEC's first partnership with a U.S. rare earth company.
Strategic Collaboration: The MOU aims to enhance the U.S.-Japan Alliance by developing high-performance rare earth materials and magnets, supporting defense and semiconductor applications, and ensuring supply chain independence from China.
Investment and Resource Allocation: The collaboration will explore investments in REAlloys' North American supply chain and allocate resources from REAlloys' projects to Japanese users, complementing commitments to U.S. defense and energy programs.
Innovative Opportunities: The partnership will also investigate additional innovative collaborations, including the licensing of seabed resource technologies and the establishment of structured offtake agreements for stable access to rare earth materials.
