secwatch.observer — SEC 8-K summary
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Issuer:     C2 Blockchain, Inc. (CBLO)
CIK:        0001882781
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001882781-26-000029
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882781/000188278126000029/0001882781-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882781/000188278126000029/form8k42326o.htm
  HTML page:      https://secwatch.observer/filing/0001882781-26-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer