C2 Blockchain (CBLO) details small private stock financings
Rhea-AI Filing Summary
C2 Blockchain, Inc. reported two recent private sales of its common stock to accredited investors. Around September 10, 2025, the company issued 750,000 restricted shares at $0.02 per share, raising gross proceeds of $15,000. Around October 3, 2025, it issued a further 10,000,000 restricted shares at $0.01 per share, for gross proceeds of $100,000, referred to as the First Tranche.
The October subscription agreement also allows an optional Second Tranche of 10,000,000 additional shares at $0.01 per share for another $100,000, at the investor’s sole discretion on or before October 17, 2025; only the First Tranche has been funded so far. The shares carry transfer restrictions and legends, and no underwriting discounts, commissions, or finder’s fees were paid. The company plans to use the cash for general corporate purposes and working capital, and relied on Section 4(a)(2) and Rule 506(b) of Regulation D for exemption from registration.
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FAQ
What private placements did C2 Blockchain (CBLO) recently complete?
C2 Blockchain completed two private sales of restricted common stock to accredited investors: 750,000 shares at $0.02 per share and 10,000,000 shares at $0.01 per share.
How much cash did C2 Blockchain (CBLO) raise in these private stock sales?
The company raised gross proceeds of $15,000 from the 750,000-share issuance and $100,000 from the 10,000,000-share First Tranche, for total gross proceeds of $115,000.
Is there an additional optional tranche in C2 Blockchain’s (CBLO) financing?
Yes. The October 3, 2025 subscription agreement includes an optional Second Tranche of 10,000,000 shares at $0.01 per share for additional gross proceeds of $100,000, which may be funded by the investor on or before October 17, 2025, at the investor’s sole discretion. As of the report date, only the First Tranche has been funded.
What are the terms of the shares issued in C2 Blockchain’s (CBLO) private placements?
The issued shares are restricted common stock, acquired for investment purposes, subject to transfer restrictions and bearing a restrictive legend. No underwriting discounts, commissions, placement agent fees, or finder’s fees were paid.
How does C2 Blockchain (CBLO) intend to use the proceeds from these private placements?
The company intends to use the gross proceeds from the private stock issuances for general corporate purposes and working capital.
Under what securities law exemptions were C2 Blockchain’s (CBLO) share issuances made?
The share issuances were made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) of Regulation D, with no public offering or general solicitation.