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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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.