C2 Blockchain, Inc. (CBLO) — Current Report

AI-Powered SEC Filing Analysis

Latest Current Report Filed: 2026-05-05

Key Insights

C2 Blockchain secured $100,000 in gross proceeds through a convertible note with an effective cost of $132,000 ($120,000 principal + $12,000 interest), indicating significant dilution risk for existing shareholders.
The conversion price is set at 75% of the lowest closing bid price over 10 trading days, creating a downward pressure mechanism that incentivizes the stock price to decline and makes conversion more likely at lower valuations.
The company must reserve at least 5 million shares or four times the conversion amount, effectively locking up a substantial portion of the cap table and limiting flexibility for future financing or equity-based compensation.
Recent equity issuances totaling 3.8 million shares at $0.01 per share ($38,000 total) suggest the stock is trading at extremely low levels, raising concerns about the company's financial health and ability to raise capital at reasonable valuations.

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Earlier Current Report filings

Filed: 2026-04-17

C2 Blockchain, Inc. has announced the rescission and cancellation of 245,000,000 shares of its common stock previously issued to Mendel Holdings LLC, an entity owned and controlled by the company's sole officer and director Levi Jacobson.
The share cancellation appears to be a voluntary action by Mendel Holdings LLC to relinquish its ownership stake, potentially indicating a shift in the company's leadership and ownership structure.
No consideration was paid by C2 Blockchain for the cancellation of these shares, suggesting the transaction was not driven by a specific financial or operational need.

Filed: 2026-03-16

C2 Blockchain, Inc. has issued 4,500,000 shares of Series A Preferred Stock to its sole officer and director, Levi Jacobson, which carry 100 votes per share and are convertible into 100 shares of common stock each.
The company has also issued 3,000,000 shares of common stock to an accredited investor for $0.01 per share, raising $30,000 in gross proceeds.
The securities issued were offered and sold in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, indicating they were private placements.

Filed: 2026-03-05

C2 Blockchain has significantly increased its authorized capital stock to 1.52 billion shares, including 20 million shares of preferred stock, of which 5 million are designated as Series A with enhanced voting and conversion rights.
The company has introduced a new class of Series A Preferred Stock, which gives holders 100 votes per share and the ability to convert into 100 shares of common stock.
The expansion of the company's authorized capital provides it with greater flexibility to raise funds, issue shares for acquisitions or other strategic purposes, and potentially dilute existing common shareholders.

Filed: 2026-03-02

C2 Blockchain, Inc. has raised $49,997.99 through the sale of 1,666,600 shares of common stock to accredited investors at $0.03 per share, which will provide additional working capital and support general corporate purposes.
The company issued these shares in reliance on the Section 4(a)(2) private placement exemption from registration under the Securities Act, indicating the capital raise was likely facilitated through existing investor relationships rather than a public offering.
While the capital raise is modest in size, it suggests ongoing investor interest and confidence in C2 Blockchain's prospects, which could be a positive signal for the company's future growth and development.

Filed: 2026-02-17

C2 Blockchain, Inc. issued a $25,000 convertible promissory note with a 10% annual interest rate and a maturity date of August 5, 2026. The note is convertible into common stock at a fixed price of $0.01 per share or a variable price of 50% of the lowest trading price in the prior 10 trading days.
The company also issued 250,000 shares of common stock at $0.04 per share to an accredited investor, raising $10,000 in additional capital.
The convertible note and equity issuance provide the company with $35,000 in additional financing to fund its operations.

Filed: 2026-01-23

C2 Blockchain, Inc. has experienced a change in control, with Mendel Holdings, LLC and Levi Jacobson regaining over 50% voting power in the company through a recent issuance of 50 million restricted shares.
The company's ongoing sales of common stock to fund operations have resulted in dilution of the previous controlling shareholder's voting power, but this has now been reversed.
No changes to the company's officers or board of directors were reported in connection with the loss and regain of control.

Other reports for C2 Blockchain, Inc.

Quarterly Report

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.