Corporate ActionSep 23, 2026, 05:13 PM

SANGRIX INC. Completes Dogecoin Share Redemption, Cancels 66,668 Shares

AI Summary

SANGRIX INC. announced the completion of a share redemption program where investors returned 66,668 Class A ordinary shares in exchange for 30 million Dogecoin (DOGE), valued at $6,000,000. These shares were cancelled and returned to the company's authorized capital. This action effectively unwinds a private placement that occurred on August 11, 2025, where investors initially paid with DOGE. The company now has 1,881,935 Class A ordinary shares outstanding.

Key Highlights

Investors exercised their right to redeem shares for Dogecoin, returning 30 million DOGE to the company.
66,668 Class A ordinary shares were cancelled and returned to the company's authorized but unissued share capital.
Following the cancellation, the company has 1,881,935 Class A ordinary shares issued and outstanding.
The transaction involved the repayment of $6,000,000 worth of Dogecoin originally paid for shares.

View SEC Filing

BTOG

Finance: Consumer Services

BIT ORIGIN Ltd

Price Impact