Company: CBLO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001599916-25-000058
Chunk: 10

Company: C2 Blockchain, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 10
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 with energy providers for cost-effective, sustainable power

To support these plans, the Company is actively seeking to raise capital through a Tier II Regulation A Offering. There is no assurance
that the fundraising efforts will be successful or that the Company will obtain the funding necessary to implement its business plan.

Separately, on March 9, 2025, the Company entered into a non-binding Shareholder Agreement to invest $100,000 in CoinEdge Inc. in
exchange for a 10% equity stake. The investment, expected to close in the coming months, provides voting rights but no profit-sharing,
operational control, or intellectual property ownership. CoinEdge will retain full control and provide quarterly financial reporting.
C2 Blockchain will be subject to certain restrictions if it exits the investment.

In order to implement our planned operations for the next twelve months, we estimate that we will require a minimum of $200,000 in
funding. This amount is an estimate and is subject to change. The actual funding required may exceed this estimate due to various factors,
including but not limited to ongoing operational expenses, unforeseen costs, or items not fully anticipated in our initial budget.

We currently intend to raise this capital through the sale of our common stock in a Tier II Regulation A Offering, which we are conducting
at this time. The timing and amount of funds we are able to raise through the Offering will directly impact the number of Bitcoin mining
computers we may purchase or lease and our ability to scale operations.

There can be no assurance that we will successfully raise the necessary capital through this Offering. If we are unable to raise adequate
funds, we may need to seek alternative sources of financing. The scalability and execution of our business plan are dependent on our
ability to secure sufficient funding, and as of now, we do not have the required funding to fully implement our business plan.

Liquidity and Capital Resources 

As of March 31, 2025, our cash balance is $20,796, an increase
from $30 as of June 30, 2024. Additionally, as of March 31, 2025, we hold cryptocurrency valued at $16,417. 

Our total assets as of March 31, 2025, amounted to $37,213,
consisting entirely of cash and cryptocurrency. In comparison, as of June 30, 2024, our total assets were $30, which were solely in cash
and cash equivalents.

We currently rely on our sole officer and