Bluesky Digital Assets Corp. reports developments tied to its artificial intelligence, blockchain and Web3 business initiatives. Company updates describe the BlueskyINTEL platform, a web platform for businesses adopting emerging digital technologies, and ChessGold Inc., an online chess gaming platform supported by Bluesky funding and business-services assistance.
Recurring news also covers non-brokered private placements, unit issuances, stock-option disclosures, governance corrections and other capital-structure matters. Operating updates include platform launches, user activity categories and the use of financing proceeds for AI development, online gaming endeavors and working capital.
Bluesky Digital Assets (BTCWF) announced that Frank Kordy has departed as a director, leaving a board vacancy. A replacement has not yet been named. The company is evaluating its board composition to support its strategic goals and plans to provide a further update when available. The departure announcement follows an October 19, 2026 news release.
Bluesky Digital Assets (BTCWF) has terminated its proposed acquisition and fundamental change transaction with ChessGold by mutual agreement. The parties determined they could not meet the equity financing requirements set by the Canadian Securities Exchange in its conditional approval. They terminated the share exchange agreement previously announced on April 17, 2026.
The company plans to resume technology-sector activities while seeking new opportunities. Trading in its common shares is expected to resume on the CSE after exchange confirmation and a resumption bulletin. Ben Gelfand departed as director and chief executive officer, effective October 19, 2026. Board chairman Alan Grant was appointed interim chief executive officer. Frank Kordy returned to the board effective immediately to fill Gelfand's vacancy; he previously served as a director and chief financial officer.
Bluesky Digital Assets (BTCWF) reported that shareholders overwhelmingly approved all items at the September 21, 2026 annual general and special meeting, including resolutions related to the proposed acquisition of ChessGold Inc. (the “Transaction”).
For the Transaction, 7,449,736 votes, or 99.654%, were cast in favour, with 25,839 votes, or 0.346%, against. Bluesky’s chairman Alan Grant said this support reflects shareholder confidence in the strategic rationale of acquiring ChessGold and its chess gaming software platform. With approvals obtained, Bluesky plans to focus on growing ChessGold and further developing its platform following completion.
Bluesky’s common shares remain halted from trading and will do so until required documentation is accepted by the Canadian Securities Exchange and closing conditions are met. The remaining condition to closing and trading resumption is completion of ChessGold’s concurrent subscription receipt financing for at least $1 million in gross proceeds, which is underway and expected to close on or before October 9, 2026, alongside final CSE approval and other customary conditions.
Bluesky Digital Assets (CSE:BTC / OTCQB:BTCWF) received conditional approval from the Canadian Securities Exchange for its previously announced acquisition of ChessGold Inc., which is classified as a CSE “Fundamental Change.” Completion of the transaction remains subject to final CSE approval and customary closing conditions.
Bluesky will hold a special shareholder meeting on September 21, 2026 to consider and, if appropriate, approve the ChessGold transaction and related matters. A management information circular, including the CSE Form 2A Listing Statement with detailed deal information, is available on SEDAR+ and will be mailed to shareholders. According to Bluesky, the concurrent equity financing announced July 20, 2026 is well underway, and a restart of trading in Bluesky’s common shares is anticipated after completion of this financing.
Bluesky Digital Assets (CSE:BTC, OTCQB:BTCWF) and ChessGold announced a non-brokered private placement of ChessGold subscription receipts and special warrants for minimum cash proceeds of C$750,000 and up to C$3,000,000 (cash plus debt settlements) at C$0.0825 per security, tied to their proposed business combination.
Each subscription receipt or special warrant converts into a ChessGold unit (one share and one warrant at C$0.12, 24-month term), which will later be exchanged 1:1 into Resulting Issuer shares and warrants of Bluesky upon completion of the transaction as the contemplated liquidity event. Debt settlements with certain creditors, directors and officers are expected to account for no more than C$850,000 and constitute a related-party transaction under MI 61-101, with Bluesky relying on valuation and minority approval exemptions. Escrowed funds must support a liquidity event within four months or be refunded, and Bluesky shares remain halted until the transaction closes, which is subject to CSE and shareholder approvals.
Bluesky Digital (CSE:BTC, OTCQB:BTCWF) provided an update on its proposed acquisition of ChessGold Inc., a transaction currently in advanced review stages with the Canadian Securities Exchange (CSE). The CSE has classified the deal as a Fundamental Change, and trading in Bluesky’s common shares remains halted while the review continues.
Bluesky is working with the CSE, responding to requests for additional information as part of the normal regulatory process. The company intends to convene a special shareholder meeting to consider and potentially approve the Transaction and related matters, supported by a detailed management information circular now under CSE review. Trading is expected to stay halted until the circular is filed and the CSE completes its review, and Bluesky cautions there is no assurance on timing for review completion, the shareholder meeting, or trading resumption.
Bluesky Digital Assets Corp (CSE:BTC / OTCQB:BTCWF) entered a share exchange agreement dated April 17, 2026 to acquire all issued and outstanding common shares of ChessGold Inc. The Transaction is non-arm's length and will constitute a fundamental change under Canadian Securities Exchange policies.
On closing, Bluesky will change its name to ChessGold Inc and will carry on ChessGold's business, subject to the Agreement's terms and conditions.
Bluesky Digital Assets (OTCQB:BTCWF) reports major growth at portfolio company ChessGold, which reached 43,732 registered users across 221 countries and processed over 283,000 competitive matches between July 2025 and February 2026. Monthly new registrations grew from 804 to 14,251 (17.7×) in five months. The platform added App Store with Apple Pay, Play Store Lite, Google Pay support in Jan 2026, and plans a web app for Fall 2026.
Bluesky Digital Assets (CSE:BTC / OTCQB:BTCWF) entered a binding LOI dated January 21, 2026 to acquire ChessGold Inc. via a three-cornered amalgamation, share exchange or arrangement, subject to a Definitive Agreement and regulatory approvals including CSE acceptance.
The company will issue 10,000,000 shares at $0.10 (future ChessGold holders ~11.84% pro forma) and 20,000,000 milestone warrants; a non-brokered private placement of up to $3.0M at $0.10/unit (plus 25% overallotment) will be completed prior to or concurrent with closing.
Bluesky Digital Assets Corp. (OTCQB: BTCWF) has signed a non-binding letter of intent (LOI) with ChessGold Inc., an online digital game developer, dated July 29, 2025. The LOI grants Bluesky a 120-day exclusive due diligence period to review ChessGold's business and assets.
Upon successful completion of due diligence, Bluesky will have the opportunity to negotiate a definitive agreement to acquire 100% of ChessGold's equity or its entire business. The final deal structure and terms will be determined after the due diligence period. The transaction remains subject to customary closing conditions, including regulatory approvals and Canadian Securities Exchange approval.