SCHEDULE 13G: SilverBox Sponsor IV LLC and Affiliates Disclose 21.4% Stake in SilverBox Corp IV

SilverBox Sponsor IV LLC, along with its managing members Stephen K. Kadenacy and Joseph E. Reece, has reported a combined beneficial ownership of 21.4% of SilverBox Corp IV's Class A Ordinary Shares as of December 31, 2024.

Summary

• SilverBox Sponsor IV LLC, Boxwood Holdings III LLC, Stephen K. Kadenacy, and Joseph E. Reece (collectively, the "Reporting Persons") collectively beneficially own 5,455,000 Class A Ordinary Shares of SilverBox Corp IV.
• This ownership represents 21.4% of the total Class A Ordinary Shares, calculated assuming the automatic conversion of all Class B ordinary shares.
• The beneficial ownership comprises 5,000,000 Class B ordinary shares, which are automatically convertible into Class A ordinary shares, as detailed in the Issuer's Form S-1 registration statement.
• Additionally, 455,000 Class A ordinary shares were acquired through units purchased in a private placement that closed concurrently with the Issuer's initial public offering.
• The Reporting Persons share both voting and dispositive power over these 5,455,000 shares.
• The reported percentages are based on 20,455,000 Class A and 5,000,000 Class B ordinary shares issued and outstanding as of November 11, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on November 12, 2024.
• The beneficial ownership excludes 151,666 Class A ordinary shares that may be purchased by exercising warrants that are not presently exercisable.

Sentiment

Score: 6

Explanation: The document is a routine beneficial ownership disclosure, indicating a stable and expected ownership structure by the sponsor. It does not contain information that would significantly alter investment sentiment, but the high sponsor ownership is generally viewed as a positive for alignment.

Positives

• Significant beneficial ownership (21.4%) by the sponsor and its managing members indicates strong alignment of interests with public shareholders.
• The ownership structure, including convertible Class B shares and private placement Class A shares, is typical for a SPAC sponsor, demonstrating commitment to the vehicle.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the Issuer's future operations or financial performance.

Management Comments

• Mr. Kadenacy and Mr. Reece, as co-managing members of Boxwood Holdings III LLC (the managing member of SilverBox Sponsor IV LLC), may be deemed to have or share beneficial ownership of the ordinary shares held directly by SilverBox Sponsor IV LLC.
• Mr. Reece and Mr. Kadenacy disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Industry Context

This filing is a standard Schedule 13G, which is a routine disclosure for significant beneficial ownership stakes, particularly common for sponsors of Special Purpose Acquisition Companies (SPACs) like SilverBox Corp IV. The ownership structure, including founder shares (Class B) and private placement shares, is typical for SPAC sponsors, reflecting their initial investment and alignment with the SPAC's objectives.

Comparison to Industry Standards

• NA

Related Party Transactions

• The ownership includes 455,000 Class A ordinary shares purchased in a private placement that closed concurrently with the Issuer's initial public offering, which is a common related-party transaction for SPAC sponsors.

Stakeholder Impact

• Shareholders: The significant ownership stake by the sponsor and its managing members (21.4%) suggests strong alignment of interests between the sponsor group and public shareholders, potentially fostering confidence in the company's long-term strategy.

Key Dates

Keywords

SilverBox Corp IV, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Class B Ordinary Shares, SPAC, Sponsor, Private Placement, SEC Filing, Stephen K. Kadenacy, Joseph E. Reece, Boxwood Holdings III LLC, SilverBox Sponsor IV LLC