M&A
confidence high
sentiment neutral
materiality 0.40
C2 Blockchain intends to invest $100K for 10% stake in CoinEdge; shell status ended
C2 Blockchain, Inc.
- C2 Blockchain to invest $100,000 for a 10% equity stake in CoinEdge, a cryptocurrency lending platform.
- CoinEdge retains full control; C2 gets no board seat, no profit distributions, and no IP rights.
- C2 Blockchain must get CoinEdge approval to sell shares; CoinEdge has first right to repurchase at fair value.
- C2 Blockchain is barred from competing in crypto lending for 3 years after exiting the investment.
- Company ceased to be a shell company on Jan 23, 2025 after SEC qualified its Form 1-A offering statement.