other material
confidence high
sentiment neutral
materiality 0.55
Everything Blockchain settles with BOTS; exchanges note and BIT tokens for 250k Series B Preferred shares
Everything Blockchain, Inc.
- Entered settlement with BOTS: BOTS returns 250,000 Series B Preferred shares to treasury; EBI assigns $1.4M note receivable and transfers 20,726,120 BIT tokens.
- The note from First Bitcoin Capital Corp carried ~$110,000 accrued interest; total consideration discharged.
- Transaction is a related-party settlement conducted at arm's length; mutual release of claims.
- Both parties agree to arbitration in Henderson, NV under AAA rules; governed by Florida law.