C2 Blockchain Secures $35K in Highly Dilutive Convertible Note and Deeply Discounted Equity Financing

summarizeSummary

C2 Blockchain raised $35,000 through a convertible promissory note and a deeply discounted equity sale, indicating significant financial strain and potential for substantial future dilution.

check_boxKey Events

• Convertible Promissory Note Issued

  The company entered into a Convertible Promissory Note for $25,000, bearing 10% interest and maturing on August 5, 2026. The note is convertible at the holder's election at either a fixed price of $0.01 per share or a variable price equal to 50% of the lowest trading price during the 10 days prior to conversion, which are highly dilutive terms compared to the current stock price.

• Deeply Discounted Equity Sale

  C2 Blockchain entered into a subscription agreement to sell 250,000 shares of common stock to an accredited investor at a purchase price of $0.04 per share, raising $10,000. This price represents a significant discount to the current market price of $0.145 per share.

• Continued Dilutive Financing Pattern

  This financing continues a trend of highly dilutive capital raises for the company, following a prior 8-K on January 23, 2026, detailing the issuance of 50 million restricted shares to an insider, and a 1-A POS on February 12, 2026, revising terms for a Regulation A offering.

auto_awesomeAnalysis

C2 Blockchain, a development-stage company, has secured a modest $35,000 in new financing through a convertible promissory note and a deeply discounted equity sale. The convertible note, with a principal of $25,000, offers conversion at a fixed price of $0.01 per share or a variable price of 50% of the lowest trading price, which is significantly below the current market price of $0.145. Additionally, the company sold 250,000 shares for $10,000 at a price of $0.04 per share, representing a substantial discount to the current stock price. This financing, while providing some capital, comes with highly dilutive terms and follows a pattern of recent dilutive activities, including a prior 8-K on January 23, 2026, reporting the issuance of 50 million restricted shares to an insider, and a 1-A POS on February 12, 2026, revising offering pricing. The small amount raised at such unfavorable terms suggests significant financial strain and difficulty in securing more favorable capital.