Jetblack Corp. has released an update regarding the company and its subsidiaries. Recently JTBK disclosed it would begin preparing material for a 506c offering. If the company is successful at raising the $12,000,000 USD, a tentative breakdown is available for the use of funds.
The company would use $6,000,000 USD as reserve capital for Jetblack Corp. operations, investments and continuity. $3,000,000 USD to Rubens AI Inc., $1,000,000 USD to Ensys Health Corp., $1,000,000 USD to CenAviv Corp., and $1,000,000 USD to The Indica Company.
Recently, the CEO agreed to return a total of 125,000,000 JTBK common stock shares to the treasury for cancellation under terms the company would issue a similar amount through a Reg 506c exemption, at specified prices for a total of $12 million USD. Under the agreement the result of the capital raise would be non-dilutive and no increase to the outstanding share count would occur.
In addition, CenAviv Corp. and Rubens AI Inc. have started on a joint venture, which is to create automated modular farming solutions for exo-earth applications. The project’s goal is to create robotic automated modular farming solutions which humans can monitor remotely which would enable some infrastructure necessary for human life to be established before human colonization. Rubens AI plans to use a large portion of the $3,000,000 allotted to engineer the project.
Jetblack Corp. is currently updating its website, shareholders can expect a fresh more responsive website coming in April. Rubens AI Inc. also expects a website release in April. Jetblack Corp. expects 506c offering information to be available directly from their website once it is fully updated.
Jetblack Corp. has four wholly-owned subsidiaries. CenAviv Corp. (Agriculture), Rubens AI Inc. (Technology), Ensys Health Corp. (Health), and The Indica Company (Cannabis). Jetblack Corp., is a business incubator and acquirer of assets, with an acute focus on shareholder value and capitalization.
Disclaimer:
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Source:
Jetblack Corp. IR department
ir@jetblackcorp.com
twitter.com/Jetblackcorp