Blaqclouds, Inc. (Nevada) Reinstates Shannon Hill as CEO and Chairman Following Successful Governance Transition
Blaqclouds (OTC: BCDS) reinstated Shannon Hill as CEO and Chairman effective Oct 10, 2025, after resolving outstanding governance matters and concluding prior executive activities. The company's Wyoming parent reestablished operational oversight of the Nevada entity, secured corporate records, and implemented a new governance framework.
Blaqclouds Nevada will operate as a majority-owned subsidiary and serve as:
- funding partner for ShopWithCrypto.io (managing gift-card liquidity float),
- minting and compliance partner for the ZXUSD stablecoin,
- manager of consumer and non-core Dapps.
Blaqclouds (OTC: BCDS) ha reintegrato Shannon Hill come CEO e Presidente con effetto dal 10 ottobre 2025, dopo aver risolto questioni di governance pendenti e concluso le attività esecutive precedenti. La capogruppo con sede in Wyoming ha ristabilito la supervisione operativa sull'entità in Nevada, assicurato i registri societari e implementato un nuovo quadro di governance.
Blaqclouds Nevada opererà come una controllata di maggioranza e fungerà da:
- socio di finanziamento per ShopWithCrypto.io (gestione della liquidità delle gift card),
- partner di minting e conformità per la stablecoin ZXUSD,
- manager di Dapps per consumatori e non-core.
Blaqclouds (OTC: BCDS) restableció a Shannon Hill como CEO y Presidente con efecto a partir del 10 de octubre de 2025, tras resolver asuntos de gobernanza pendientes y concluir las actividades ejecutivas previas. la casa matriz de Wyoming restableció la supervisión operativa de la entidad en Nevada, aseguró los registros corporativos y implementó un nuevo marco de gobernanza.
Blaqclouds Nevada operará como una subsidiaria de mayoría y fungirá como:
- socio de financiamiento para ShopWithCrypto.io (gestionando la liquidez de tarjetas de regalo),
- socio de minting y cumplimiento para la stablecoin ZXUSD,
- gerente de Dapps para consumidores y no-core.
Blaqclouds (OTC: BCDS)는 Shannon Hill을 2025년 10월 10일부로 CEO이자 의장으로 재임명했으며, 미해결된 거버넌스 문제를 해결하고 이전 경영 활동을 마무리한 뒤에 이를 발표했습니다. 와이오밍에 본사를 둔 모회사는 네바다 법인에 대한 운영 감독을 재정비하고, 기업 기록을 확보하며 새로운 거버넌스 프레임워크를 도입했습니다.
Blaqclouds 네바다는 다수 지분을 보유한 자회사로서 다음과 같은 역할을 수행합니다:
- ShopWithCrypto.io를 위한 자금 조달 파트너(상품권 유동성 풀 관리),
- ZXUSD 스테이블코인의 발행 및 컴플라이언스 파트너,
- 소비자 및 비핵심 Dapps의 관리인.
Blaqclouds (OTC: BCDS) a réintégré Shannon Hill en tant que PDG et Président effectif le 10 octobre 2025, après avoir résolu des questions de gouvernance en suspens et conclu les activités exécutives antérieures. La société mère du Wyoming a rétabli la supervision opérationnelle de l'entité du Nevada, sécurisé les dossiers d'entreprise et mis en œuvre un nouveau cadre de gouvernance.
Blaqclouds Nevada opérera en tant que filiale majoritaire et agira comme :
- partenaire de financement pour ShopWithCrypto.io (gestion de la liquidité des cartes-cadeaux),
- partenaire de minting et de conformité pour le stablecoin ZXUSD,
- responsable des Dapps destinées aux consommateurs et non-core.
Blaqclouds (OTC: BCDS) ernannte Shannon Hill zum CEO und Vorsitzenden mit Wirkung zum 10. Oktober 2025, nachdem ausstehende Governance-Angelegenheiten geklärt und frühere Geschäftsaktivitäten abgeschlossen wurden. Die Wyoming-Muttergesellschaft hat die operative Aufsicht über die Nevada-Einheit wiederhergestellt, Unternehmensunterlagen gesichert und einen neuen Governance-Rahmen implementiert.
Blaqclouds Nevada wird als Mehrheits-Tochtergesellschaft operieren und fungieren als:
- Finanzierungspartner für ShopWithCrypto.io (Verwaltung der Liquidität von Geschenkkarten),
- Minting- und Compliance-Partner für die ZXUSD-Stablecoin,
- Verwalter von VerbraucherdApps und Nicht-Kern-Dapps.
Blaqclouds (OTC: BCDS) أعادت Shannon Hill إلى منصب الرئيس التنفيذي ورئيس مجلس الإدارة اعتباراً من 10 أكتوبر 2025، بعد حل مسائل الحوكمة العالقة والانتهاء من الأنشطة التنفيذية السابقة. أعادت الشركة الأم في وايومنغ تنظيم الإشراف التشغيلي على الكيان في نيفادا، وضمان سجلات الشركة، وتنفيذ إطار حوكمة جديد.
سيعمل فرع نيفادا لشركة Blaqclouds كـ
مقابل ذلك سيحصل على عائد سنوي ثابت، وتخصيص ثابت لرموز ZXUSD، وملكية للأصول غير الأساسية.
Blaqclouds (OTC: BCDS) 已任命 Shannon Hill 为首席执行官兼董事长，生效日期为 2025 年 10 月 10 日，此前解决了未决的治理事项并完成了先前的高层活动。怀俄明州的母公司重新建立对内华达实体的运营监督，确保公司记录，并实施了新的治理框架。
Blaqclouds 内华达将作为多数股权子公司运营，担任：
- ShopWithCrypto.io 的融资伙伴（管理礼品卡流动性资金池），
- ZXUSD 稳定币的铸币与合规伙伴，
- 面向消费者及非核心 Dapps 的管理者。
- Reinstated CEO and Chairman Shannon Hill on Oct 10, 2025
- Parent company regained full operational control and secured records
- Blaqclouds Nevada assigned core financial roles supporting ShopWithCrypto and ZXUSD
- Contracted compensation: fixed annual yield and fixed ZXUSD token allocation
- Past governance issues required forming a new parent entity
- Reinstatement signals prior management disruption and potential shareholder uncertainty
- Blaqclouds Nevada will be majority-owned, reducing independent control
ROBESONIA, Pa., Oct. 10, 2025 (GLOBE NEWSWIRE) -- Blaqclouds, Inc., a Nevada corporation (OTC: BCDS), is pleased to announce the reinstatement of Shannon Hill as Chief Executive Officer and Chairman of the Board. This marks a pivotal milestone in the company’s restructuring and reaffirms its commitment to responsible governance, innovation, and strategic execution.
This leadership change follows the resolution of outstanding governance matters and the formal conclusion of all activities under the prior executive team. Blaqclouds’ parent company, Blaqclouds, Inc. (Wyoming), has successfully reestablished full operational oversight of the Nevada entity, securing all corporate records, restoring management control, and implementing a robust governance framework.
"This is more than a leadership appointment — it's the restoration of direction, discipline, and long-term vision for Blaqclouds Nevada," said reappointed CEO and Chairman Shannon Hill. “With the support of our parent company and strategic partners, we’re moving forward with clarity and confidence, focused on building blockchain-powered financial infrastructure that serves the real-world economy.”
The reinstatement of Mr. Hill represents a renewed emphasis on transparency, shareholder value, and unified execution across the Blaqclouds ecosystem, including key initiatives like ShopWithCrypto.io and the ZXUSD stablecoin.
Transition from Previous Management
This transition follows a comprehensive operational restructuring led by the Board of Directors. To preserve progress made since November 2024 and to protect the company’s technological and commercial assets, the Board formed Blaqclouds, Inc. (Wyoming) as a new parent entity. This move enabled swift and strategic corrective actions to secure shareholder value while navigating internal challenges.
With governance now fully restored, Blaqclouds has eliminated potential liabilities tied to previous management and restructured the Nevada entity to serve a clearly defined role within the broader corporate ecosystem.
Strategic Role of Blaqclouds Nevada
Under the leadership of Mr. Hill, Blaqclouds, Inc. (Nevada) will function as a majority-owned subsidiary of Blaqclouds Wyoming and serve two critical financial roles:
- Funding partner for the ShopWithCrypto.io platform, managing and providing the gift card liquidity float.
- Minting and compliance partner for the ZXUSD stablecoin, an EVM-compatible digital dollar pegged to U.S. fiat reserves.
- Management of consumer facing applications as well as non-core applications such as Ampleswap, Reflex and the Deploy suite of Dapps. .
In return for these services, Blaqclouds Nevada will receive:
- a fixed annual yield on funds provided for ShopWithCrypto float operations
- a fixed allocation of the total ZXUSD token supply
- ownership of non-core assets
These roles position Blaqclouds Nevada as the financial backbone of the broader Blaqclouds ecosystem, directly supporting real-world crypto adoption at scale.
About Blaqclouds, Inc.
Blaqclouds bridges legacy finance with decentralized networks, creating seamless, real-world blockchain solutions that unify commerce and payments. Its mission is to make spending crypto as easy, trusted, and useful as cash.
Flagship consumer applications include:
- ShopWithCrypto.io – Crypto-to-gift card commerce
- ZEUSxPay.io – Web3 payment infrastructure
- DEX.ZEUSx.io – EVM-native decentralized exchange
- ApolloWallet.io – Secure, consumer-grade blockchain wallet
A full list of Blaqclouds WY and NV platforms can be found at: www.blaqclouds.io/
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties that may cause actual results to differ materially. Blaqclouds, Inc. assumes no obligation to update or revise any forward-looking statements.
Media Contact
Blaqclouds, Inc.
c/o theAlley.io
Email: hello@blaqclouds.io
Phone: 307-323-4430
Website: www.blaqclouds.io/
FAQ
What did Blaqclouds (BCDS) announce on October 10, 2025?
How will Blaqclouds Nevada support ShopWithCrypto.io under the new structure?
What role will Blaqclouds Nevada play with the ZXUSD stablecoin (BCDS)?
Does the Oct 10, 2025 announcement change corporate control of Blaqclouds Nevada?
What compensation will Blaqclouds Nevada receive for its services?
Will the leadership change affect investor transparency for BCDS?
