Action Follows Recent Retirement of 688,000 Common Shares

Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced today that it has retired 1,130,002 issued and outstanding common shares that were recently acquired from its Chief Executive Officer, Gust Kepler. The Company acquired the shares from Mr. Kepler for $0.07 per share. Mr. Kepler acquired the shares in February 2023 via private transactions which were reported on a Form 4 filing with the SEC.

Following this action, Blackbox will have retired a total of 1,817,763 issued and outstanding common shares, consisting of the 1,130,002 common shares in this announcement plus 687,761 common shares that were held in Treasury and retired, as announced on March 1, 2023. The retired shares will be added back to authorized but unissued shares. Blackbox will have 12,503,946 common shares issued and outstanding after completion of this action, which includes common shares that have been issued under the 2021 Blackboxstocks Inc Incentive Stock Plan.

The 687,761 common shares were repurchased during 2022 under the Company’s authorized stock repurchase plan. The Company initiated the $2.5 million stock repurchase plan in January 2022 and later extended its termination date to December 31, 2023. As of March 1, 2023, approximately $1.4 million remains available under the plan to repurchase the Company’s common stock.

Blackboxstocks Chief Financial Officer Robert Winspear stated, “The acquisition and retirement of these common shares by Mr. Kepler, the Company’s largest shareholder, is another example of the commitment of both management and the board of directors to our long-term capital strategy to enhance shareholder value. We believe that the retirement of these shares as well as the retirement of the 687,761 treasury shares completed in February will provide a cleaner capital structure to support future growth.”

About Blackboxstocks, Inc.

Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans 42 countries; current subscription fees are $99.97 per month or $959.00 annually.

For more information, go to: www.blackboxstocks.com.

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Disclosure Information

Blackboxstocks uses and intends to continue to use its Investors website at www.blackboxstocks.com/company-overview as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company’s Investors website, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

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