C2 Blockchain enters USD 130,000 convertible note financing with Auctus Fund
C2 BLOCKCHAIN INC
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- C2 Blockchain entered a Securities Purchase Agreement with Auctus Fund on May 22, 2026 for a $130,000 promissory note.
- Net proceeds totaled USD 108,000 from a USD 117,000 purchase price; note includes a USD 13,000 OID and a 12% one-time charge.
- Note matures May 22, 2027; conversion price set at 60% of the lowest traded price in the prior 15 trading days.
- Deal included warrants for 5,200,000 shares at a USD 0.05 exercise price.
- Leonite Fund agreed May 28, 2026 to a senior secured convertible note up to USD 1.2 million; USD 100,000 funded at closing.
- Leonite proceeds were USD 93,000 after USD 7,000 legal fees; note carries 10% annual interest, initial conversion price USD 0.05.
- Leonite note is secured by a first-priority lien on substantially all assets; package included 1,000,000 commitment shares, warrants for 2,000,000 shares at USD 0.10.
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. C2 Blockchain Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001882781-26-000041), on June 02, 2026, and is solely responsible for the information contained therein.
