Bluesky Digital Assets, ChessGold launch up to C$3 million private placement tied to merger plan

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  • Bluesky Digital Assets is pursuing a business combination with ChessGold, with a financing tied to closing the deal.
  • ChessGold plans a non-brokered private placement of subscription receipts at C$ 0.08 each, targeting C$ 750,000 to C$ 3 million including debt settlements.
  • Proceeds are escrowed pending a liquidity event within four months of the offering close, currently expected to be the Bluesky-ChessGold transaction.
  • On completion, ChessGold securities issued in the financing would be exchanged for Bluesky shares and warrants; warrants carry a C$ 0.12 exercise price.
  • Offering is expected to close around Aug. 7, 2026; Bluesky shares remain halted pending completion of the transaction.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bluesky Digital Assets Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607200730ACCESSWRNAPR_____1192958) on July 20, 2026, and is solely responsible for the information contained therein.

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