C2 Blockchain Amends Prior Filing, Reducing Insider Share Issuance by 5 Million Shares

summarizeSummary

C2 Blockchain, Inc. filed an amendment to its January 23, 2026 8-K, correcting the number of restricted shares issued to Mendel Holdings, an entity controlled by its sole officer and director, from 50 million to 45 million shares.

check_boxKey Events

• Correction of Share Issuance

  The company amended its prior disclosure, correcting the number of restricted shares issued to Mendel Holdings, an entity controlled by its sole officer and director, from 50,000,000 to 45,000,000 shares.

• Reduced Dilution

  The correction results in 5,000,000 fewer shares being issued, which represents a reduction in dilution compared to the previously reported transaction.

• Re-establishment of Voting Control

  As a result of the corrected 45,000,000 share issuance, Mendel Holdings and Levi Jacobson now beneficially own approximately 53.8% of the company's outstanding common stock, re-establishing voting control.

auto_awesomeAnalysis

This 8-K/A filing amends a previous 8-K from January 23, 2026, which reported the issuance of 50 million restricted shares to Mendel Holdings, an entity controlled by the company's sole officer and director, Levi Jacobson. The amendment corrects this to 45 million shares, reducing the dilution by 5 million shares. While the underlying event of significant share issuance to an insider for services rendered remains, the reduction in shares is a positive adjustment for existing shareholders. The filing also clarifies that this corrected issuance re-establishes Mendel Holdings' and Levi Jacobson's voting control, now at approximately 53.8% of outstanding common stock.