Jetblack Corp. Issues Update On 506c Offering

Jetblack Corp. today announced the CEO has agreed to return another 100,000,000 common stock shares to the treasury for cancellation, under terms Jetblack Corp. would issue similar amount through 506c exemption at .10 cents. This brings the total share count to be returned to the treasury by CEO at 125,000,000 common stock shares.

Earlier this week the company determined the CEO would return 25,000,000 common stock shares for cancellation, if the company issues a like amount through 506c. The company determined they would offer 5,000,000 restricted common stock shares at .06 cents, 5,000,000 restricted common stock shares at .07 cents ,  5,000,000 restricted common stock shares at .08 cents , 5,000,000 restricted common stock shares at .09 cents , 5,000,000 restricted common stock shares at .10 cents. 

If the company is successful at executing the first 25,000,000 shares through the 506c exemption, the company will offer another 100,000,000 restricted common stock shares at the agreed upon price of .10 cents. 

Certain restrictions will apply to the 506c offering, such as a two year waiting period before restrictions can be removed, along with staggered sales. Other restrictions may apply. 

The company hopes to raise $12,000,000 USD through the 506c offering. This would not increase the outstanding share count nor would it create dilution to the share structure. Once the company has confirmed there will be a definitive offering. The company will have all the proper information required by SEC to offer securities for sale. 

For the latest updates and information please follow the Company’s Twitter feed www.twitter.com/jetblackcorp.  

About Jetblack Corp. 

Jetblack is an incubator of businesses and acquirer of assets with a focus on shareholder value and capitalization. The Company has four wholly-owned subsidiaries. CenAviv Corp. (Agriculture), Ensys Health Corp. (Wellness Products), The Indica Company (Cannabis Lifestyle Products),  Rubens AI Inc. (Technology). 

Disclaimer:

Once the company has determined a 506c offering will proceed. The company will have all the proper information required by SEC rules and regulations to offer securities for sale. This press release should not in any way be misunderstood as an offer to sell securities or solicitation to sell securities. 

This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions, and increasing competition. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's and management control which could, and likely will materially affect actual results, levels of activity, performance or achievements. Investors should be cautioned that nine out of ten start-ups and small businesses fail. If the company cannot achieve financing, then it may not be able to follow through with its business plan. This may lead to an investor losing part or their entire investment. Investors may have trouble locating a broker-dealer to trade their stock. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The loss of key employees would be detrimental to the company's success and may cause failure. Currently, the company is considered a penny stock, the spreads can be very far apart, sometimes illiquid, and investors may not be able to sell when they want or for the price they paid. In some circumstances, the investor may lose all their investment. This press release is not an offer to sell securities. This press release should not be interpreted or misunderstood as an offer or solicitation to sell securities. Investors should also be cautioned that Covid-19, viruses, pandemics, diseases, also present serious challenges for business operations. Investors should note, these uncontrollable circumstances could potentially lead an investor to lose their entire investment very quickly.

Source:

Jetblack Corp. IR department

ir@jetblackcorp.com

twitter.com/Jetblackcorp