C2 Blockchain, Inc. Files Form 8-K for Private Placement of Restricted Common Stock

Strategic Insights -

C2 Blockchain, Inc. has taken a significant step in its financial planning by issuing 5,000,000 shares of its restricted common stock to an accredited investor at a purchase price of $0.01 per share in a private placement. This move comes as part of the company's efforts to secure working capital and support its ongoing operations. The investor, deemed an "accredited investor" under the Securities Act, paid no underwriting discounts, commissions, or placement agent fees for the transaction.

Key Takeaways:

  • C2 Blockchain, Inc. issued 5,000,000 shares of restricted common stock at a purchase price of $0.01 per share to an accredited investor as part of a private placement on May 13, 2025.
  • The company intends to use the proceeds from the sale for general corporate purposes and working capital.
  • No underwriting discounts, commissions, or placement agent fees were paid in connection with the transaction.
  • The issuance of the securities was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D.
  • The company's Chief Executive Officer, Levi Jacobson, signed the Form 8-K on behalf of the company on May 20, 2025.
  • The private placement did not involve a public offering and was conducted as a private transaction.

Statistics:

  • 5,000,000 shares of restricted common stock were issued to the accredited investor.
  • The purchase price per share was $0.01.
  • The total proceeds from the sale were not explicitly stated in the source material.
  • The company intends to use the proceeds for general corporate purposes and working capital.
  • The issuance of the securities was made on May 13, 2025.

Sources:

Form 8-K (Current Report) filed with the U.S. Securities and Exchange Commission on May 20, 2025.