other material
confidence high
sentiment positive
materiality 0.75
C2 Blockchain cancels 245M shares voluntarily returned by controlling shareholder
C2 Blockchain, Inc.
- Board approved cancellation of 245,000,000 shares of common stock previously issued to Mendel Holdings LLC.
- Mendel Holdings, owned by sole officer/director Levi Jacobson, voluntarily returned shares for cancellation with no consideration.
- Shares returned to authorized but unissued status; outstanding share count reduced accordingly.
- Levi Jacobson remains controlling shareholder after cancellation.