Sole Officer/Director Regains Control of C2 Blockchain via Massive Share Issuance

summarizeSummary

C2 Blockchain, Inc. issued 50 million restricted shares to an entity controlled by its sole officer and director, Levi Jacobson, restoring his voting control to approximately 54.29% after previous dilution.

check_boxKey Events · Ownership and Investor Activity · CBLO

• Significant Share Issuance

  The company issued 50,000,000 restricted shares of common stock to Mendel Holdings, LLC, an entity controlled by its sole officer and director, Levi Jacobson, in consideration for services rendered. This issuance is valued at approximately $7.5 million.

• Control Regained by Sole Officer/Director

  As a result of this issuance, Mendel Holdings and Levi Jacobson now control approximately 54.29% of the company's outstanding common stock, regaining voting control of the company.

• Prior Loss of Control Due to Dilution

  Mendel Holdings, LLC and Levi Jacobson had previously lost control of the company prior to October 3, 2025, due to dilution from ongoing sales of common stock to fund general operating expenses.

auto_awesomeAnalysis · CBLO · Crypto Assets

C2 Blockchain, Inc. issued 50,000,000 restricted shares of common stock to Mendel Holdings, LLC, an entity solely controlled by Levi Jacobson, the company's sole officer and director. This substantial issuance, valued at approximately $7.5 million based on the current stock price, represents a significant dilution for existing shareholders. The transaction restored Levi Jacobson's voting control to approximately 54.29% of the company's outstanding common stock, after his control was previously diluted below 50% due to ongoing stock sales for operational expenses. This event consolidates power with the current management but at a considerable cost to shareholder equity.