Parataxis to Go Public Through SPAC Merger with SilverBox Corp IV

AI Summary

According to Cointelegraph, digital asset investment management firm Parataxis has announced plans to go public via a merger with SilverBox Corp IV, a special purpose acquisition company (SPAC) sponsored by an affiliate of SilverBox Capital. The merger is expected to generate up to $640 million in gross proceeds, which will be used to fund a Bitcoin (BTC) treasury strategy. Upon completion, the merged entity will be named Parataxis Holdings and will aim to list on the New York Stock Exchange under the ticker symbol "PRTX," with an implied equity value of up to $800 million at $10 per share.