Blackboxstocks to merge with Evtec Group.

Blackboxstocks, a financial technology and social media hybrid platform, agreed to merge with Evtec Group, a supplier of proprietary parts for electric vehicle. Financial terms were not disclosed. “We’re excited about pursuing this unique opportunity with Evtec. We believe that this transaction will provide significant and long-term value for our stockholders in the post-merger company. Blackbox will continue operations in the fintech sector as a subsidiary of the parent company and will continue executing its strategic plan in its ongoing mission to provide its users with the best trading information possible. However, we also believe that changes in the supply chain resulting from the pandemic and growing geo-political tensions are creating a unique opportunity for companies like Evtec. Evtec has the vision and resources to near-shore component manufacturing and provide its customers with long term certainty of critical parts and its shareholders with the prospect for higher returns,” Gust Kepler, Blackbox CEO.