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C2 Blockchain, Inc. Announces Completion of Cancellation of 245,000,000 Common Shares, Reducing Outstanding Shares by 52.6%
C2 Blockchain, Inc. Announces Completion of Cancellation of 245,000,000 Common Shares, Reducing Outstanding Shares by 52.6%.
About this update from C2 Blockchain Inc
[{"type":"text","content":"\r\n\r\n \r\n \r\n C2 Blockchain, Inc. Announces Completion of Cancellation of 245,000,000 Common Shares, Reducing Outstanding Shares by 52.6%\r\n \r\n \r\n\r\n\r\nC2 Blockchain, Inc. Announces Completion of Cancellation of 245,000,000 Common Shares, Reducing Outstanding Shares by 52.6%\r\n\r\n\r\n\r\n\r\n\r\nMIAMI BEACH, FL / ACCESS Newswire / April 16, 2026 / C2 Blockchain, Inc. (OTCID:CBLO), a blockchain infrastructure and digital asset treasury company, today announced the completion of the rescission and cancellation of 245,000,000 shares of its common stock, which have been returned to the Company's treasury.\r\n The cancellation was completed pursuant to resolutions approved by the Company's Board of Directors and processed through the Company's transfer agent.\r\n Significant Reduction in Outstanding Shares\r\n As a result of this completed action, the Company's issued and outstanding common shares have been reduced from 465,935,905 shares to 220,935,905 shares, representing a 52.6% reduction in the Company's outstanding common shares.\r\n Management believes this reduction strengthens the Company's capital structure and reflects ongoing efforts to maintain disciplined equity management practices and align long-term shareholder interests.\r\n Following the cancellation, the Company confirms that its governance structure remains unchanged, and voting control continues to be maintained through the Company's outstanding preferred stock, which carries enhanced voting rights.\r\n Management Commentary\r\n \"The completion of this share cancellation represents a significant step in strengthening our capital structure and reflects our ongoing commitment to responsible equity management. We believe this reduction meaningfully enhances the Company's long-term positioning and supports our objective of maintaining a disciplined and transparent capital structure.\" Levi Jacobson, Chief Executive Officer of C2 Blockchain, Inc.\r\n About C2 Blockchain, Inc.\r\n C2 Blockchain, Inc. (OTCID:CBLO) is a publicly traded blockchain infrastructure and digital asset treasury company focused on acquiring and managing strategic digital assets and blockchain-related opportunities. The Company continues to evaluate opportunities designed to support long-term growth, operational development, and shareholder value creation.\r\n Forward-Looking State...