---
schema_version: "secwatch.filing_event.v1"
accession: "0001882781-26-000029"
form_type: "8-K"
ticker: "CBLO"
cik: "0001882781"
company_name: "C2 Blockchain, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:34:15.411698+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# C2 Blockchain issues $120k convertible note to Labrys Fund II, sells 3.8M shares at $0.01 each

## Summary
- Convertible note with $120k principal, $100k proceeds, 10% interest, 12-month maturity, conversion at 75% of lowest closing bid price over prior 10 days.
- 3M shares sold April 28, 2026 at $0.01/share for $30k; 800k shares sold April 30 at $0.01/share for $8k.
- Total gross proceeds from note and stock sales: $138,000; securities sold to accredited investors under Regulation D.
- Note includes 4.99% beneficial ownership limitation (can increase to 9.99%), $20k OID, and 150% default acceleration.

## SEC filing metadata
- accession: 0001882781-26-000029
- form_type: 8-K
- ticker: CBLO
- cik: 0001882781
- company_name: C2 Blockchain, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000029/0001882781-26-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000029/form8k42326o.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001882781-26-000029
- JSON: https://secwatch.observer/filing/0001882781-26-000029.json
- Plain text: https://secwatch.observer/filing/0001882781-26-000029.txt

## Source-grounded claims
- claim_id: ac4735a82a84e3100ea8e0e4e0d9e4c12566d9e5
  claim: C2 Blockchain, Inc. entered into Note with Labrys Fund II, L.P. valued at $120,000 (effective 2026-04-23).
  evidence_excerpt: On April 23, 2026, C2 Blockchain, Inc. (the “Company”) issued a convertible promissory note (the “Note”) to Labrys Fund II, L.P. (the “Holder”) in the principal amount of $120,000, reflecting a purchase price of $100,000 and an original issue discount of $20,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000029/0001882781-26-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.