C2 Blockchain Sells 3M Shares at $0.01 in $30K Private Placement
CBLO sits 52% above its 52-week low of $0.033 on light trading volume (0.3× avg).
Summary
C2 Blockchain sold 3 million shares at $0.01 per share, raising $30,000 in a private placement — a deep discount to the current $0.05 price, continuing its pattern of dilutive emergency funding.
Key Events · Financing and Capital Events · CBLO
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Private Placement at Deep Discount
Sold 3,000,000 shares at $0.01 per share, an 80% discount to the current $0.05 market price, raising $30,000 in gross proceeds.
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Dilution Impact
The new shares represent approximately 2.7% of the outstanding shares, adding to the cumulative dilution from recent financings.
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Use of Proceeds
Proceeds will be used for general working capital and corporate purposes, indicating ongoing cash needs.
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Financing Pattern Continues
This follows multiple recent dilutive financings, including a $138,000 convertible note in May 2026 and $201,000 in new agreements in June 2026, reflecting persistent reliance on discounted equity sales.
Analysis · CBLO · Crypto Assets
C2 Blockchain raised $30,000 by selling 3 million shares at $0.01 each — a deep discount to the current $0.05 market price. This continues the company's pattern of highly dilutive, deeply discounted equity sales to fund operations, as seen in recent filings. The new shares represent roughly 2.7% of the outstanding shares (based on a ~$11.2M market cap at $0.05), adding to the dilution burden for existing holders. The company remains reliant on piecemeal financings to stay afloat, with minimal cash and ongoing losses.
At the time of this filing, CBLO was trading at $0.05 on OTC in the Crypto Assets sector, with a market capitalization of approximately $11.2M. The 52-week trading range was $0.03 to $0.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.