C2 Blockchain, Inc.

C2 Blockchain, Inc. (CBLO) has entered into two significant financing agreements. The first is a $130,000 Promissory Note with Auctus Fund, LLC, which was issued at a discount, incurring a 12% interest charge, and is convertible into common stock. The company received net proceeds of $108,000 from this transaction. The second agreement is a Senior Secured Convertible Promissory Note with Leonite Fund I, LP, for up to $1,200,000, including a $200,000 original issue discount and a 10% annual interest rate. C2 Blockchain received $93,000 in net proceeds from the initial tranche of this note, which is secured by company assets and convertible into common stock. Both transactions involved the issuance of warrants and restricted stock, and were conducted under exemptions from registration requirements.

C2 Blockchain, Inc. reported a significant net loss of $21,735,929 for the nine months ended March 31, 2026, a substantial increase from the prior year. The company's financial statements include a going concern warning, citing operating losses and a working capital deficiency. Total liabilities dramatically increased, driven by convertible loans and derivative liabilities, while the stockholders' deficit deepened. The company also underwent a significant equity restructuring involving the issuance of preferred stock to its CEO and the cancellation of a large block of common shares held by a CEO-controlled entity.

C2 Blockchain, Inc. issued a convertible promissory note with a principal amount of $120,000 to Labrys Fund II, L.P., receiving gross proceeds of $100,000. The note includes a $20,000 original issue discount and a 10% one-time interest charge, maturing in 12 months, and is convertible into common stock at 75% of the lowest closing bid price. Additionally, the company completed two unregistered sales of common stock to accredited investors, raising an aggregate of $38,000 by issuing 3,800,000 shares at $0.01 per share.