other material
confidence high
sentiment neutral
materiality 0.85
C2 Blockchain issues 50M shares to insider, regains control at 54.29%
C2 Blockchain, Inc.
- Issued 50,000,000 restricted shares to Mendel Holdings (controlled by CEO/director Levi Jacobson) for services rendered.
- Mendel Holdings now holds ~54.29% of outstanding common stock, regaining voting control after prior dilution.
- Shares issued under Section 4(a)(2) and Rule 506 of Regulation D; no underwriters or general solicitation.
- No changes to officers or board in connection with the loss or regain of control.
- Previous dilution from ongoing stock sales had caused Mendel to lose control before this issuance.