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C2 Blockchain plans to cut 245 million shares to boost value, pending approvals.
C2 Blockchain Inc. (OTC:CBLO) announced its board approved a plan to reduce outstanding common shares by about 245 million through retirement and cancellation, aiming to strengthen its capital structure and boost shareholder value.
The move, pending regulatory and corporate approvals, will not affect the company’s authorized share count.
The reduction supports C2 Blockchain’s digital asset treasury and blockchain infrastructure goals, with updates expected as the process advances.
The company cautioned that forward-looking statements involve risks including market volatility, regulatory changes, and execution challenges.
C2 Blockchain planea recortar 245 millones de acciones para aumentar el valor, a la espera de las aprobaciones.