---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-005514"
form_type: "8-K"
ticker: "BLNC"
cik: "0001632121"
company_name: "Balance Labs, Inc."
filed_at: "2022-02-25T23:59:59+00:00"
generated_at: "2026-06-27T04:13:57.679029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Balance Labs sells 28.7M Descrypto shares for $287; ownership reduces to 7.2M shares

## Summary
- On Feb 18, 2022, Balance Labs sold 28,700,337 shares of Descrypto common stock for $287 total ($0.00001/share).
- Post-sale, Balance Labs owns 7,175,084 shares of Descrypto, down from 35,875,421 after a prior November redemption.
- The Redemption Agreement is void if Descrypto fails to raise $2M and acquire a blockchain company within 12 months.
- Balance Labs now holds 7.2M shares of Descrypto, representing a lower ownership percentage than its prior 46.1% stake from the June 2021 share exchange.

## SEC filing metadata
- accession: 0001493152-22-005514
- form_type: 8-K
- ticker: BLNC
- cik: 0001632121
- company_name: Balance Labs, Inc.
- filed_at: 2022-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1632121/000149315222005514/0001493152-22-005514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1632121/000149315222005514/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-005514
- JSON: https://secwatch.observer/filing/0001493152-22-005514.json
- Plain text: https://secwatch.observer/filing/0001493152-22-005514.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.