DiamondLake Withdraws from Unicoin Transaction, Reaffirms Commitment to SEC Compliance and Tokenization Strategy
Rhea-AI Summary
DiamondLake Minerals (OTC:DLMI) has announced its withdrawal from the planned Unicoin transaction and terminated the Memorandum of Understanding following due diligence findings. The company's President, Michael Reynolds, emphasized their commitment to SEC compliance and thorough disclosure practices.
Despite this withdrawal, DiamondLake reaffirmed its strategic focus on tokenization of Securities and Real-World Assets (RWAs) in decentralized finance. The company plans to expand its technology stack and expertise across various industries while aligning with U.S. digital asset initiatives, including the Genius Act and U.S. Digital Asset Stockpile.
Positive
- Strong commitment to SEC compliance and regulatory standards
- Strategic focus on tokenization and decentralized finance remains intact
- Plans to expand technology services across multiple industries
- Alignment with U.S. digital asset initiatives and regulations
Negative
- Termination of Unicoin transaction and Memorandum of Understanding
- Due diligence findings revealed unfavorable aspects in the Unicoin deal
SALT LAKE CITY, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Diamond Lake Minerals, Inc. (OTC: DLMI) based upon our findings during due diligence DiamondLake is withdrawing from the Unicoin transaction and terminating the Memorandum of Understanding.
DiamondLake has attempted in good faith to pursue the Share Exchange with Unicoin however it was simply not possible based upon our findings. Thus, The Board of DiamondLake feels that it is in our shareholders best interest not to further pursue this transaction.
“Based upon my forty plus years of experience in the securities industry I feel that when it comes to SEC compliance DiamondLake will always err on the side of caution and disclosure and more disclosure,” stated Michael Reynolds, President DiamondLake Minerals, Inc. “We are constantly weighing risk against reward and often the risk and reward is controlled in the details.”
DiamondLake will continue to bring tokenization to Securities and Real-World Assets (RWAs) as decentralized finance and stable coins lead the way.
Stay tuned for exciting news on our bold plans to tokenize new industries opening investment opportunities to parties around the world. Simultaneously, we are bringing our tech stack and experience to a wide range of companies, industries and markets. Our digital financial technology combined with our leadership is in line with President Trump’s bold steps to ensure America remains the leader of the global economy.
Between the Genius Act and the U.S. Digital Asset Stockpile our market position can best be described as big and beautiful. As Trump 2.0 strengthens American leadership in digital financial technology we intend to represent that American leadership.
About DiamondLake:
Founded in Utah in 1954, Diamond Lake Minerals, Inc. (OTC: DLMI) is a multi- strategy operating company that specializes in the development and support of digital assets and SEC-registered security tokens. Our goal is to responsibly innovate and develop valuable traditional businesses and successfully combine them with the future of money and digital assets. Our mission is to bring back to the public markets timeless business principles that are focused on healthy sustainable growth and strong earnings that generate yields combined in a modern digital world creating value for our stakeholders. DLMI is positioning itself as an industry-agnostic leader in the digital asset and security token space.
Safe Harbor Statement
This release contains "forward-looking statements." Forward-looking statements also may be included in other publicly available documents issued by DLMI and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash, and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause DLMI’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but are not limited to economic conditions, changes in the laws or regulations, demand for DLMI’s products and services, the effects of competition, and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this press release.
Company Contact:
ir@diamondlakeminerals.com
https://diamondlakeminerals.com/
FAQ
Why did DiamondLake Minerals (DLMI) withdraw from the Unicoin transaction?
What is DiamondLake's (DLMI) strategy after canceling the Unicoin deal?
How does DiamondLake (DLMI) plan to approach SEC compliance?
What regulatory initiatives is DiamondLake (DLMI) aligning with?
What is DiamondLake's (DLMI) position on tokenization?
