A Bloomberg Terminal designed for active retail stock and options traders, with a built-in social network.

Think of it as a more advanced TradingView, offering proprietary real-time analytics and news for serious traders.

• Blackbox System (Software as a Service): A subscription-based software platform that delivers real-time proprietary analytics and news specifically designed for stock and options traders.

Based on the description provided for the company trading under the symbol ALOY (Blackboxstocks Inc.), it sells a subscription-based software as a service directly to individuals. Therefore, it primarily serves individual customers. Below are the categories of customers it serves:

• Active Stock Traders: Individuals who actively trade stocks, relying on real-time data, analytics, and news to make informed short-term and long-term trading decisions.
• Active Options Traders: Individuals specializing in trading options contracts, who require sophisticated tools and analytics for strategy development, market analysis, and risk management.
• Self-Directed Investors: Individual investors who manage their own portfolios and utilize advanced financial technology platforms to gain market insights, identify trading opportunities, and enhance their investment strategies.

Lipi Sternheim, Chief Executive Officer

Lipi Sternheim is the Founder and Chief Executive Officer of REalloys and also serves on its Board of Directors. He founded and is CEO of Quartz Lake Mining, a Nevada-based integrated gold mining company. Sternheim has over two decades of experience in de-risking and developing mining and oil & gas projects, focusing on resource security and vertically integrated value chains.

Robert L. Winspear, Chief Financial Officer, Secretary and Director

Robert L. Winspear is the Chief Financial Officer, Secretary, and a Director of REalloys Inc. He has over 25 years of experience as a CFO, CEO, or director for various public and private companies, including NASDAQ-listed entities. Prior to joining the company, Winspear was and continues to be the President of Winspear Investments LLC, a Dallas-based private investment firm specializing in lower middle market transactions, since 2002.

Anupam Ghildyal, Chief Operating Officer

Anupam Ghildyal serves as the Chief Operating Officer of REalloys.

Andrew Sherman, Head of R&D

Andrew Sherman is the Head of Research & Development for REalloys.

Steve DuMont, Chairman of the Board

Steve DuMont is the Chairman of the Board of REalloys Inc.

Key Risks to REalloys (ALOY)

1. Financial Instability and Nasdaq Delisting Risk: REalloys, which operates a financial technology and social media hybrid platform as Blackboxstocks Inc., has faced significant financial challenges, including recurring operating losses, negative net income, high current liabilities, and declining revenues due to subscriber loss. These issues have led to non-compliance with Nasdaq listing requirements, creating a substantial risk of delisting, which could severely impair stockholder trading ability and capital raising efforts.
2. Risks Associated with the Merger with REalloys Inc. (Rare Earths): The reverse merger transaction with REalloys Inc., a rare earth metals company, involves the existing Blackboxstocks' stockholders owning only a small percentage (approximately 7.3%) of the combined company, leading to significant dilution. The merger also introduces integration challenges, potential litigation, and uncertainties regarding the realization of anticipated synergies. Furthermore, there have been investigations into whether Blackboxstocks Inc. is obtaining a fair price for its public shareholders in this transaction.
3. Intense Competition and Challenges in Subscriber Growth/Retention: The company operates in a highly competitive financial technology market with a relatively small subscriber base. It has experienced declines in subscriber numbers and revenue, indicating difficulties in attracting and retaining users in this competitive landscape, which directly impacts its financial performance and growth prospects.

• Major brokerage platforms increasingly integrating advanced real-time analytics, news feeds, and social trading features directly into their core services, often bundled or at a lower incremental cost, reducing the need for standalone subscription services like Blackbox System.
• The rapid advancement and adoption of AI and Machine Learning in financial technology, leading to new platforms capable of offering superior predictive analytics, automated insights, and personalized trading strategies that could significantly outperform existing proprietary analytics solutions.

Expected Drivers of Future Revenue Growth for REalloys (ALOY)

REalloys (NASDAQ: ALOY) is positioned for future revenue growth over the next 2-3 years through several key drivers, primarily stemming from its core business in rare earth elements and magnets, and potentially supplemented by its continuing legacy fintech operations.

• Increased Demand and Domestic Supply Chain Development for Rare Earth Elements and Magnets: REalloys is focused on establishing and strengthening a resilient domestic supply chain for rare earth elements and magnets, encompassing activities from recycling and mining to oxide production, metallization, alloying, and magnet manufacturing. This strategic focus addresses a critical national need for a sovereign supply of heavy rare earths, particularly for U.S. defense agencies, indicating a robust and consistent demand outlook.
• Expansion through Strategic Partnerships and Long-Term Offtake Agreements: The company has already initiated significant collaborations, such as a strategic partnership with Mission Critical Materials aimed at developing the first U.S. mine-waste-to-magnet supply chain. Furthermore, non-binding agreements, including a 10-year offtake deal with AltynGroup, are expected to provide stable and increasing revenue streams through guaranteed sales and access to strategic investment capital.
• Scaling of Proprietary Processing and Metallization Capabilities: REalloys emphasizes its "first-to-market processing and metallization capabilities" which are vital for securing the supply of heavy rare earths. Investments in and the successful scaling of these unique technologies will directly lead to enhanced production capacities, greater market penetration, and ultimately, higher revenue generation.
• Growth of Legacy Blackbox Fintech Operations: While the primary business focus has shifted to rare earth elements, the legacy Blackboxstocks fintech operations are intended to continue under Blackbox.io Inc., a wholly-owned subsidiary. Should this subscription-based financial technology platform continue to grow its user base and expand its offerings for stock and options traders, it could serve as a complementary source of revenue, contributing to the overall financial performance of the combined entity.

Share Repurchases

• Blackboxstocks Inc. completed repurchases of 176,940 shares for $1.12 million under a buyback announced on January 10, 2022.
• Between April 1, 2023, and June 30, 2023, the company repurchased 5,000 shares for $0.02 million.

Share Issuance

• The merger between Blackboxstocks Inc. and REalloys Inc. resulted in 57,111,167 shares of New REalloys common stock outstanding, with former private REalloys holders owning approximately 92.2%.
• The authorized common stock was increased from 100,000,000 to 350,000,000 shares, significantly expanding future issuance capacity.
• Blackboxstocks Inc. previously raised $2,146,556 through an At-The-Market Issuance Sales Agreement for common stock as of February 19, 2026, and had a shelf registration for up to $50,000,000 in securities.

Inbound Investments

• REalloys (prior to the merger) raised $5,000,000 through Series X Preferred Stock and warrants.
• Blackboxstocks Inc. entered into a Securities Purchase Agreement with Five Narrow Lane LP to issue senior debentures and convertible debentures, raising $2,300,000.

Outbound Investments

• REalloys signed a memorandum of understanding with Mission Critical Materials LLC to develop a domestic supply chain for rare earth metals and magnets.
• REalloys has established partnerships with Mission Critical Materials and the Japan Organization for Metals and Energy Security for magnet manufacturing initiatives.
• REalloys entered into non-binding agreements with AltynGroup Kazakhstan LLP to secure rare earth feedstock from Kazakhstan reserves for its North American facilities.

Capital Expenditures

• REalloys operates rare earth processing facilities, including a metallization facility in Euclid, Ohio, and owns the Hoidas Lake rare earth asset in Saskatchewan, indicating ongoing investment in these assets.
• The company's strategic objective is to become the largest producer of heavy rare earth oxides and metals outside of China by the first half of 2027, leveraging advanced separation and metallization assets, which implies significant future capital outlays.
• REalloys aims for a fully financed buildout of the largest heavy rare earth metallization facility outside of China.