Business
C2 Blockchain Announces Plan to Reduce Outstanding Shares by 245 Million to Strengthen Capital Structure
C2 Blockchain Announces Plan to Reduce Outstanding Shares by 245 Million to Strengthen Capital Structure.
About this update from C2 Blockchain Inc
[{"type":"text","content":"\r\n\r\n \r\n \r\n C2 Blockchain Announces Plan to Reduce Outstanding Shares by 245 Million to Strengthen Capital Structure\r\n \r\n \r\n\r\n\r\nC2 Blockchain Announces Plan to Reduce Outstanding Shares by 245 Million to Strengthen Capital Structure\r\n\r\n\r\n\r\n\r\n\r\nMIAMI BEACH, FL / ACCESS Newswire / March 16, 2026 / C2 Blockchain Inc. (OTCID:CBLO), a blockchain infrastructure and digital asset treasury company, today announced that its Board of Directors has approved a plan to reduce the Company's outstanding common shares by approximately 245,000,000 shares, subject to applicable regulatory procedures and corporate actions.\r\n The share reduction initiative reflects the Company's ongoing commitment to maintaining a disciplined capital structure and enhancing long-term value for shareholders as it continues executing on its broader digital asset strategy.\r\n The reduction is expected to occur through the retirement and cancellation of previously issued shares, which may include shares returned to the Company and subsequently retired in accordance with corporate approvals and transfer agent procedures.\r\n \"As we continue to execute on our strategy of building a leading digital asset treasury and expanding our blockchain initiatives, maintaining an efficient capital structure is a key priority for the Company,\" said Levi Jacobson, Chief Executive Officer of C2 Blockchain Inc. \"This planned reduction in outstanding shares reflects our commitment to strengthening shareholder alignment while positioning C2 Blockchain for sustainable long-term growth.\"\r\n The Company expects the reduction in shares to result in a material decrease in the total number of outstanding common shares, while the Company's authorized share count will remain unchanged. The process will be completed in coordination with the Company's transfer agent and in accordance with applicable corporate and regulatory procedures.\r\n C2 Blockchain expects to provide additional updates as the share reduction progresses and once the final outstanding share count has been confirmed.\r\n About C2 Blockchain Inc.\r\n C2 Blockchain Inc. (OTCID:CBLO) is a blockchain and digital asset company focused on building long-term value through strategic accumulation of digital assets and development of blockchain-related initiatives. The Company continues to expand its di...