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business20h ago
C2 Blockchain cancels 245M shares previously issued to controlling shareholder
- C2 Blockchain’s board approved the cancellation of 245,000,000 shares previously issued to Mendel Holdings LLC.
- Mendel Holdings, owned by Levi Jacobson, voluntarily returned the shares and relinquished all rights.
- The cancelled shares are now authorized but unissued; no consideration was paid by the company.
- Levi Jacobson remains the company’s controlling shareholder despite the share rescission.
- The summary notes the information is based on SEC filings and the TradingView report.
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