Blackboxstocks terminated the merger with Evtec Group.

Blackboxstocks, a financial technology and social media hybrid platform, terminated the merger with Evtec Group, a supplier of proprietary parts for electric vehicle. Financial terms were not disclosed. “We were fully committed to completing the merger with Evtec, and we continue to hold the company and its management in the highest regard. Unfortunately, the protracted time frame to complete the share exchange presented a number of hurdles outside of our control. We could not afford to incur any additional costs due to unforeseen delays. We wish Mr. Roberts and his team at Evtec all the best and believe the company has a bright future ahead of them,” Gust Kepler, Blackbox CEO.