m_and_a
confidence high
sentiment neutral
materiality 0.35
C2 Blockchain issues 1.5M shares for $15k; signs non-binding LOI for 20% stake in Texas digital project
C2 Blockchain, Inc.
- Issued 1,500,000 restricted common shares at $0.01/share to one accredited investor for $15,000 total.
- Proceeds from private placement under Rule 506(b) will be used for general working capital.
- Signed non-binding LOI with A.R.T. Digital to acquire 20% equity in McAllen Project (Texas) for $1,000,000.
- Payment may be in tranches over 90 days; parties target 30 business days to finalize definitive agreements.
- LOI is non-binding except for confidentiality and due diligence; no guarantee a deal will close.
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