Blackboxstocks more than doubles after an effective reverse merger with aftermarket auto parts supplier Evtec

Shares of Blackboxstocks Inc.

shot up 130.7% on heavy volume in afternoon trading Monday, after the provider of analytics for stock and options traders via its social media platform announced a deal that is effectively a reverse merger to privately held Evtec Group Ltd., a supplier of automotive aftermarket products. Trading volume rocketed to 13.9 million shares, compared with the full-day average over the past 30 days of about 38,100 shares. Blackboxstocks said after the deal closes, it will own 8.

shot up 130.7% on heavy volume in afternoon trading Monday, after the provider of analytics for stock and options traders via its social media platform announced a deal that is effectively a reverse merger to privately held Evtec Group Ltd., a supplier of automotive aftermarket products. Trading volume rocketed to 13.9 million shares, compared with the full-day average over the past 30 days of about 38,100 shares. Blackboxstocks said after the deal closes, it will own 8.

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