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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 Corp. (CSE: BTC, OTCQB: BTCWF) announces a share consolidation approved by its Board of Directors. The consolidation converts every seven pre-consolidation common shares into one post-consolidation share, effective June 7, 2024, pending approval from the Canadian Securities Exchange. Post-consolidation, 25,172,726 shares will be outstanding, down from 176,209,084. This move, aimed at recapitalizing and attracting strategic acquisitions in the AI space, will adjust the exercise or conversion prices proportionately. The new shares will trade under the same symbols but with new CUSIP and ISIN numbers.
Bluesky Digital Assets Corp. reported the results of its Annual General Meeting (AGM), including the appointment of auditors, approval of stock option plan, share consolidation, and election of directors. Out of 169,200,196 eligible shares, 68,650,274 voted. The also settled a debt of $45,200 CAD through issuing 2,008,889 Common Shares at $0.0225 CAD each.
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