C2 Blockchain, Inc. 8-K

What Happened
C2 Blockchain, Inc. (filed 8‑K on April 17, 2026) announced the rescission and cancellation of an aggregate of 245,000,000 shares of its common stock that had been previously issued to Mendel Holdings LLC. Mendel Holdings is owned and controlled by Levi Jacobson, the company’s sole officer and director and its controlling shareholder. The shares were returned to the company for cancellation and have been returned to the status of authorized but unissued shares. No consideration was paid by the company in connection with the cancellation.

Key Details

• 245,000,000 shares of common stock were rescinded and cancelled.
• Shares were returned by Mendel Holdings LLC, an entity owned/controlled by Levi Jacobson.
• Shares are now authorized but unissued; cancellation involved no cash or other consideration.
• Filing dated April 17, 2026; Levi Jacobson is the company’s sole officer/director and controlling shareholder.

Why It Matters
The cancellation removes those shares from the company’s issued shares and could affect the company’s outstanding share count and potential dilution calculations. Because the shares were held by the controlling shareholder and returned without consideration, this is a governance and capital-structure action investors should note when evaluating ownership percentages and share supply. The filing also included standard Inline XBRL cover page tagging.