other material
confidence high
sentiment neutral
materiality 0.60
C2 Blockchain completes holding company reorganization with American Estate Management Co.
C2 Blockchain, Inc.
- Effective April 1, 2022, AEMC merged with C2 Blockchain’s Merger Sub; AEMC survives as wholly owned subsidiary.
- Each share of AEMC common stock converted into one share of C2 Blockchain common stock.
- Post-merger 253,936,005 shares outstanding; Levi Jacobson controls 78.76% via Mendel Holdings LLC.
- Ticker symbol initially remains AEMC on OTC Expert Market pending FINRA approval of new symbol.
- Reorganization qualifies as tax-free under IRC Section 368(a)(1); shareholder approval not required.