---
schema_version: "secwatch.filing_event.v1"
accession: "0001882781-26-000041"
form_type: "8-K"
ticker: "CBLO"
cik: "0001882781"
company_name: "C2 Blockchain, Inc."
filed_at: "2026-06-02T14:08:44+00:00"
generated_at: "2026-06-02T14:10:37.901230+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# C2 Blockchain raises $130K and up to $1.2M via convertible notes with heavy dilution

## Summary
- 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.

## SEC filing metadata
- accession: 0001882781-26-000041
- form_type: 8-K
- ticker: CBLO
- cik: 0001882781
- company_name: C2 Blockchain, Inc.
- filed_at: 2026-06-02T14:08:44+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/form8k6226o.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001882781-26-000041
- JSON: https://secwatch.observer/filing/0001882781-26-000041.json
- Plain text: https://secwatch.observer/filing/0001882781-26-000041.txt

## Source-grounded claims
- claim_id: 663d689ef0b152cbfe70eccd20b9d83508d115c6
  claim: C2 Blockchain, Inc. incurred convertible notes of $130,000 with Auctus Fund, LLC at 12% maturing May 22, 2027.
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm
- claim_id: dcf2b875cdf457c53c096204c804c4baa87271b7
  claim: C2 Blockchain, Inc. incurred convertible notes of up to $1,200,000 with Leonite Fund I, LP at 10% per annum.
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm
- claim_id: 72a4337edb10b756859c9169f3407e154fbd8a6b
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm
- claim_id: cb6137cf6cd048cd39e1477fb15e7f09e1861b23
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm

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