BlockchainK2 Announces Proposed Private Placement Offering

Rhea-AI Summary

BlockchainK2 (OTCQB:BIDCF) announced a proposed private placement to sell up to 14,285,714 common shares at $0.07 per share for gross proceeds of up to $1,000,000. Securities will be subject to a four-month statutory hold period.

The company said proceeds will be used for general working capital and the Offering is subject to corporate and regulatory approvals, including TSX Venture Exchange approval. Finder's fees may be paid in cash or share purchase warrants under TSXV rules.

Positive

• Up to $1,000,000 capital raise planned
• Proceeds designated for general working capital

Negative

• Potential dilution of 14,285,714 shares if Offering fully subscribed
• Finder's fees may include warrants, increasing dilution

News Market Reaction – BIDCF

+25.40%

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+25.40% News Effect

On the day this news was published, BIDCF gained 25.40%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) (the "Company") announces that the Company plans to offer, on a private placement basis, up to 14,285,714 common shares at a price $0.07 per share for total proceeds of up to $1,000,000 (the "Offering").

All securities issued in connection with the Offering will be subject to a four‐month statutory hold period. The Company may pay a finder's fee in cash and or share purchase warrants in accordance with the rules of the TSX Venture Exchange.

The proceeds of the Offering will be used for general working capital purposes.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.

BlockchainK2 Corp.
Sergei Stetsenko
CEO
Phone: 604 630-8746

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285442

FAQ

What is BlockchainK2 (BIDCF) proposing in the February 26, 2026 private placement?

The company proposes to sell up to 14,285,714 shares at $0.07 for up to $1,000,000. According to the company, securities will carry a four-month statutory hold period and closing requires TSXV and other approvals.

How will the proceeds from the BIDCF private placement be used by BlockchainK2?

Proceeds will be used for general working capital purposes. According to the company, the funds are intended to support ongoing operations and short-term corporate needs pending further approvals.

What shareholder impact should BIDCF investors expect from the proposed Offering?

Shareholders may face dilution if the Offering is fully subscribed, up to 14,285,714 new shares. According to the company, additional dilution could occur if finder’s warrants are issued under TSXV rules.

When will the BlockchainK2 (BIDCF) private placement close and what approvals are required?

Closing is subject to corporate and regulatory approvals, including TSXV approval. According to the company, the Offering will close only after satisfying all required conditions and receiving necessary approvals.

Can BlockchainK2 pay finder's fees in the BIDCF private placement and how might that affect investors?

The company may pay finder's fees in cash or share purchase warrants under TSXV rules. According to the company, issuance of warrants could increase share count and further dilute existing shareholders if exercised.