secwatch.observer — SEC 8-K summary
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Issuer:     C2 Blockchain, Inc. (CBLO)
CIK:        0001882781
Form:       8-K
Filed at:   2026-06-02T14:08:44+00:00
Accession:  0001882781-26-000041
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/0001882781-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882781/000188278126000041/form8k6226o.htm
  HTML page:      https://secwatch.observer/filing/0001882781-26-000041

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