Shares of Blackboxstocks Inc. (BLBX), a financial technology and social media hybrid platform company, are down more than 19% Wednesday morning after the company said it agreed to acquire Evtec Aluminium Limited.
Evtec is a supplier of proprietary mission critical parts for the Electric Vehicle, Hybrid, Performance and Luxury OEM automotive markets.
The transaction is expected to close in the first quarter of 2024.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.