M&A - C2 Blockchain,Inc.

Form Type: 8-K

Filing Date: 2025-07-03

Corporate Action: Acquisition

Type: New

Accession Number: 000159991625000080

Filing Summary: On July 1, 2025, C2 Blockchain, Inc. entered into a non-binding Letter of Intent with A.R.T. Digital Holdings Corp. regarding a potential acquisition of a 20% equity interest in the McAllen Project, a digital infrastructure project in Texas owned by KBR TX02, LLC. The acquisition is proposed for a total price of $1,000,000, which may be paid in tranches over a 90-day period. The LOI contains non-binding terms and reflects current intentions but is subject to definitive agreements. Binding elements include confidentiality obligations and cooperation in due diligence, with a goal to finalize the transaction within 30 business days. However, completion of the deal is uncertain and dependent on the finalization of the agreements.