04:55 AM EDT, 08/16/2024 (MT Newswires) -- SilverBox Corp. IV (SBXD) said late Thursday it priced its initial public offering of 20 million units, with each unit consisting of one class A ordinary share and one-third of a redeemable warrant, at $10 per unit for expected gross proceeds of $200 million.

Each whole warrant entitles the holder to purchase one class A ordinary share at $11.50 per share.

The underwriters have been granted a 45-day option to purchase up to 3 million additional units to cover over-allotments.

The units are expected to debut on the New York Stock Exchange under the ticker "SBXD.U" this Friday. The underlying securities will eventually trade separately under the tickers "SBXD" and "SBXD.WS" for ordinary shares and warrants, respectively.

Closing of the offering is expected to occur on Aug. 19, subject to customary closing conditions.