Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 528

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 528
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 Disclosure and Reporting Obligations in Light of Rule 102(e) Order against BF Borgers CPA PC, issued on May
3, 2024. Accordingly, if BF Borgers does not furnish a letter to the SEC pursuant to Item 304(a)(3) of Regulation S-K stating whether
it agrees with the statements made herein, no further action will be taken by the Company.

On
May 9, 2024, the sole director approved the engagement of Michael Gillespie & Associates, PLLC (PCAOB ID: 6108) as the Company’s
independent registered public accounting firm, effective immediately. Michael Gillespie & Associates, PLLC has since conducted the
audit of the fiscal year ended June 30, 2024, performed reviews of interim quarterly financial reports, and, as of the date of this filing,
has completed the audit of the fiscal year ended June 30, 2025.

Item
9A Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures 

We
maintain “disclosure controls and procedures,” as such term is defined in Rule 13a-15e and Rule 15d-15(e) under the Exchange
Act that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and
communicated to our management, which currently consists solely of our officer and director, Levi Jacobson.

As
of June 30, 2025, the end of the year covered by this Report, we carried out an evaluation, under the supervision of Levi Jacobson, our
sole officer and director, of the effectiveness of the design and operation of our disclosure controls and procedures. Mr. Jacobson concluded
that the disclosure controls and procedures were not effective as of the end of the year covered by this Report due to material weaknesses
identified below.

Management’s
Annual Report on Internal Control Over Financial Reporting

Levi
Jacobson, our sole officer and director, is responsible for establishing and maintaining adequate internal control over our financial
reporting (as defined in Rule 13a-15(f) under the Exchange Act). Internal control over financial reporting is a process, including policies
and procedures, designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.