Business
BlockchainK2 Announces Trading Reinstatement
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - BlockchainK2 Corp. (TSXV: BITK...
About this update from Blockchaink2 Corp.
[{"type":"text","content":"BlockchainK2 Announces Trading ReinstatementVancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) (the \"Company\") announces that its common shares will be reinstated for trading on the TSX Venture Exchange. The Company was delayed in filing its annual audited financial statements for the fiscal year ended September 30, 2024, which were due on January 30, 2025 and its interim financial statements for the period ended December 31, 2024. As a result, the BCSC Securities Commission issued a Cease Trade Order (\"CTO\") on April 2, 2025. The annual audited financial statements, interim financial statements and accompanying management's discussion and analyses and officer certifications were completed shortly thereafter, and the CTO was revoked on May 14, 2025. The Company then entered the TSX Venture Exchange's standard reinstatement review process.Marketing ArrangementsThe Company also announces it engaged Orsus Consult GmbH (\"Orsus\") to provide online marketing, advertising, and analyst-coverage for the Company for a term of six months that commenced April 1, 2024 at price of 55,000 EUR which was paid upfront. The contract was not renewed and has now expired. Neither Orsus nor its principal, Sascha Opel, received any securities in connection with the services provided. Orsus and Mr. Opel are arm's length to the Company. The principal of Orsus is Sascha Opel of Parsifalstraße 10 Bayreuth, Bayern (DE-BY), 95445 GERMANY. Working capital deficiencyThe Company's March 31, 2025, interim financial statements reflect a working capital deficiency of $1,222,197. The largest components of this deficiency is $1,236,453 of accounts payable and accrued liabilities and short term loans payable of $177,978. Following the reinstatement of the Company's common shares for trading, the company plans to complete a private placement of common shares to improve its working capital deficiency.BlockchainK2 Corp.Sergei StetsenkoCEOPhone: +971502806737Email: [email protected] TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking Information Cautionary Statement This news release contains \"forward-looking information\" ...