SCHEDULE: Tenor Capital Discloses 5.9% Stake in SilverBox Corp V

Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah have jointly reported beneficial ownership of 5.9% of SilverBox Corp V's Class A ordinary shares.

Summary

• Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah collectively reported beneficial ownership of 1,650,000 Class A ordinary shares of SilverBox Corp V.
• This ownership represents 5.9% of the Class A ordinary shares outstanding, calculated based on 27,795,000 units issued and outstanding as per the Issuer's 8-K filed on December 4, 2025.
• The shares are held in the form of units, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.
• Tenor Capital Management Company, L.P. serves as the investment manager to Tenor Opportunity Master Fund, Ltd., which directly holds the units.
• Robin Shah is the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital.
• All reporting persons share voting and dispositive power over the 1,650,000 shares.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's operational or financial performance.

Positives

• The disclosure of a significant stake (5.9%) by institutional investors like Tenor Capital Management Company, L.P. and Tenor Opportunity Master Fund, Ltd. can be viewed as a vote of confidence in SilverBox Corp V.
• Increased institutional ownership may lead to greater market liquidity and investor interest in the company's shares.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

Schedule 13G filings are standard disclosures required when an institutional investor acquires more than 5% of a company's voting class of securities, indicating a passive investment intent. This is a common occurrence in the public markets, particularly for special purpose acquisition companies (SPACs) like SilverBox Corp V, as they approach or complete business combinations.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may influence investor perception and potentially increase trading volume or share price stability.
• Management: Awareness of a new significant passive investor may be noted, though the filing explicitly disclaims intent to influence control.

Key Dates

Keywords

SilverBox Corp V, Tenor Capital Management, Tenor Opportunity Master Fund, Robin Shah, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Institutional Investor, SEC Filing