TechFlow, on August 7, according to The Block, crypto investment startup Parataxis Holdings will merge with SilverBox Corp IV SPAC, aiming to raise $640 million for a Bitcoin asset management company to be listed on the New York Stock Exchange (NYSE). Following completion of the merger, the new company plans to list on the NYSE under the ticker symbol PRTX.
Parataxis Holdings stated: "This business combination will bring Parataxis Holdings up to approximately $240 million in funding, subject to shareholder redemptions by SBXD (SilverBox Corp IV SPAC). This includes $31 million in equity that will be immediately used to purchase Bitcoin." Parataxis also said it "has entered into a share purchase agreement" allowing it to "issue and sell equity up to $400 million," adding that the combined transaction "could generate total proceeds of up to $640 million to support and accelerate the execution of its BTC asset management strategy."
