Private stock sales raise cash for C2 Blockchain (CBLO) investors
Rhea-AI Filing Summary
C2 Blockchain, Inc. reported several unregistered private sales of common stock to accredited investors. On or about August 18, 2025, it issued 3,333,333 restricted shares at $0.03 per share for gross proceeds of $100,000. On or about August 25, 2025, it issued 10,000,000 restricted shares at $0.01 per share for gross proceeds of $100,000. On or about August 27, 2025, it issued 3,000,000 restricted shares at $0.025 per share for gross proceeds of $75,000. On or about September 5, 2025, it issued 10,000,000 restricted shares at $0.01 per share for gross proceeds of $100,000. The sales were conducted as private offerings under Section 4(a)(2) and Rule 506(b) of Regulation D, with no underwriting fees, and proceeds are intended for general corporate purposes and working capital.
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Insights
C2 Blockchain raises cash through multiple private stock sales.
C2 Blockchain completed four unregistered equity transactions with accredited investors, issuing restricted common stock at prices between $0.01 and $0.03 per share. The deals generated gross proceeds of $100,000, $100,000, $75,000, and $100,000, providing additional liquidity without using an underwriter or paying placement fees.
The shares were sold as private offerings under Section 4(a)(2) and Rule 506(b) of Regulation D, with investors confirming accredited status and agreeing to transfer restrictions. All shares were issued after the subscription agreement dates in September 2025, and each certificate carries a restrictive legend, limiting immediate resale.
The company states it intends to use the cash raised for general corporate purposes and working capital. The ultimate impact for shareholders depends on how this additional capital supports ongoing operations and future disclosures about financial performance and share count.
8-K Event Classification
FAQ
What did C2 Blockchain (CBLO) disclose in this Form 8-K?
C2 Blockchain disclosed that it entered into several subscription agreements with accredited investors and issued restricted shares of common stock in unregistered private placements, raising cash for general corporate purposes and working capital.
How much cash did C2 Blockchain raise in each private stock sale?
C2 Blockchain received gross proceeds of $100,000 from the August 18, 2025 transaction, $100,000 from the August 25, 2025 transaction, $75,000 from the August 27, 2025 transaction, and $100,000 from the September 5, 2025 transaction.
How will C2 Blockchain use the proceeds from these unregistered offerings?
The company states that it intends to use the proceeds from the private placements for general corporate purposes and working capital.
Were there any underwriting fees or commissions paid in these C2 Blockchain transactions?
No underwriting discounts, commissions, or placement agent or finders fees were paid in connection with any of the described private placement transactions.