C2 Blockchain, Inc. (CBLO): debt financing — C2 Blockchain raises $130K and up to $1.2M via convertible notes with heavy dilution

C2 Blockchain, Inc.

On May 22, 2026, issued $130K promissory note to Auctus Fund, net proceeds $108K after fees; convertible at 60% of lowest trading price.
On May 28, 2026, issued up to $1.2M senior secured convertible note to Leonite Fund; initial $100K funding net $93K after legal fees.
Notes carry OID (Auctus $13K, Leonite $200K) and high interest; conversion price initially $0.05/share for both.
Warrants issued: 5.2M shares ($0.05 exercise) to Auctus; 2M shares ($0.10) + 1M commitment shares to Leonite.
Financings are highly dilutive and secured by substantially all assets of the company.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

C2 Blockchain, Inc. incurred convertible notes of $130,000 with Auctus Fund, LLC at 12% maturing May 22, 2027.

Instrument: convertible notes
Principal: $130,000
Counterparty: Auctus Fund, LLC
Rate: 12%
Maturity: May 22, 2027
Event: incurrence

Exact text from the filing

On May 22, 2026, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC (“Auctus”), pursuant to which the Company issued and sold a Promissory Note in the principal amount of $130,000 (the “Auctus Note”).

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

C2 Blockchain, Inc. incurred convertible notes of up to $1,200,000 with Leonite Fund I, LP at 10% per annum.

Instrument: convertible notes
Principal: up to $1,200,000
Counterparty: Leonite Fund I, LP
Rate: 10% per annum
Event: incurrence

Exact text from the filing

On May 28, 2026, the Company entered into a Securities Purchase Agreement with Leonite Fund I, LP (“Leonite”), pursuant to which the Company issued and sold a Senior Secured Convertible Promissory Note having an aggregate principal amount of up to $1,200,000 (the “Leonite Note”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

C2 Blockchain, Inc. entered into Securities Purchase Agreement and Senior Secured Convertible Promissory Note with Leonite Fund I, LP valued at Up to $1,200,000 aggregate principal, $200,000 OID, up to $1,000,000 funding, 10% interest, initial (effective 2026-05-28).

Action: entry
Agreement: credit facility
Counterparty: Leonite Fund I, LP
Value: Up to $1,200,000 aggregate principal, $200,000 OID, up to $1,000,000 funding, 10% interest, initial
Effective: 2026-05-28

Exact text from the filing

On May 28, 2026, the Company entered into a Securities Purchase Agreement with Leonite Fund I, LP (“Leonite”), pursuant to which the Company issued and sold a Senior Secured Convertible Promissory Note having an aggregate principal amount of up to $1,200,000 (the “Leonite Note”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

C2 Blockchain, Inc. entered into Securities Purchase Agreement and Promissory Note with Auctus Fund, LLC valued at $130,000 principal amount, $117,000 purchase price, $13,000 OID, 12% interest charge, net proceeds $ (effective 2026-05-22).

Action: entry
Agreement: credit facility
Counterparty: Auctus Fund, LLC
Value: $130,000 principal amount, $117,000 purchase price, $13,000 OID, 12% interest charge, net proceeds $
Effective: 2026-05-22

Exact text from the filing

On May 22, 2026, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC (“Auctus”), pursuant to which the Company issued and sold a Promissory Note in the principal amount of $130,000 (the “Auctus Note”).

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

C2 Blockchain, Inc. filing history →

Source: SEC EDGAR

accession 0001882781-26-000041

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