Blackboxstocks Inc (BLBX)

Shares of Blackboxstocks Inc. dropped by 23.64% from $3.85 to $2.94 in the trading on Wednesday, December 13, 2023. The reason why BLBX down today is due to investors digest the company's announcement that it signed a definitive agreement to acquire Evtec Aluminium Limited. While the acquisition is projected to boost Blackbox's revenue, it will also significantly dilute current BLBX shareholders, who will receive only 26.7% of the combined company's shares post-merger.