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BlockchainK2 Announces Trading Reinstatement

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BlockchainK2 Corp. (OTCQB: BIDCF) announced the reinstatement of its common shares for trading on the TSX Venture Exchange following a Cease Trade Order (CTO) that was issued on April 2, 2025. The CTO was implemented due to delays in filing financial statements and was subsequently revoked on May 14, 2025.

The company's March 31, 2025 financials revealed a working capital deficiency of $1,222,197, primarily consisting of $1,236,453 in accounts payable and $177,978 in short-term loans. To address this deficit, BlockchainK2 plans to conduct a private placement of common shares. The company also disclosed a completed marketing arrangement with Orsus Consult GmbH for 55,000 EUR that expired after six months.

BlockchainK2 Corp. (OTCQB: BIDCF) ha annunciato la reintegrazione delle sue azioni ordinarie per la negoziazione sulla TSX Venture Exchange dopo un Ordine di Cessazione delle Negoziazioni (CTO) emesso il 2 aprile 2025. Il CTO era stato imposto a causa di ritardi nella presentazione dei bilanci finanziari ed 猫 stato revocato il 14 maggio 2025.

I dati finanziari al 31 marzo 2025 hanno evidenziato un deficit di capitale circolante di 1.222.197 dollari, principalmente dovuto a 1.236.453 dollari di debiti verso fornitori e 177.978 dollari di prestiti a breve termine. Per affrontare questa situazione, BlockchainK2 prevede di effettuare un collocamento privato di azioni ordinarie. La societ脿 ha inoltre comunicato di aver completato un accordo di marketing con Orsus Consult GmbH per 55.000 EUR, scaduto dopo sei mesi.

BlockchainK2 Corp. (OTCQB: BIDCF) anunci贸 la reinstauraci贸n de sus acciones comunes para cotizar en la TSX Venture Exchange tras una Orden de Cese de Comercio (CTO) emitida el 2 de abril de 2025. La CTO se implement贸 debido a retrasos en la presentaci贸n de estados financieros y fue revocada el 14 de mayo de 2025.

Los estados financieros al 31 de marzo de 2025 revelaron un d茅ficit de capital de trabajo de 1.222.197 d贸lares, compuesto principalmente por 1.236.453 d贸lares en cuentas por pagar y 177.978 d贸lares en pr茅stamos a corto plazo. Para abordar este d茅ficit, BlockchainK2 planea realizar una colocaci贸n privada de acciones comunes. La empresa tambi茅n inform贸 que complet贸 un acuerdo de marketing con Orsus Consult GmbH por 55.000 EUR que expir贸 despu茅s de seis meses.

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BlockchainK2 Corp. (OTCQB : BIDCF) a annonc茅 la reprise de la n茅gociation de ses actions ordinaires sur la TSX Venture Exchange suite 脿 une ordonnance de cessation de n茅gociation (CTO) 茅mise le 2 avril 2025. La CTO avait 茅t茅 mise en place en raison de retards dans le d茅p么t des 茅tats financiers et a 茅t茅 lev茅e le 14 mai 2025.

Les 茅tats financiers au 31 mars 2025 ont r茅v茅l茅 un d茅ficit de fonds de roulement de 1 222 197 $, principalement compos茅 de 1 236 453 $ de comptes fournisseurs et de 177 978 $ de pr锚ts 脿 court terme. Pour rem茅dier 脿 ce d茅ficit, BlockchainK2 pr茅voit une 茅mission priv茅e d鈥檃ctions ordinaires. La soci茅t茅 a 茅galement annonc茅 avoir finalis茅 un accord marketing avec Orsus Consult GmbH pour 55 000 EUR, qui a expir茅 apr猫s six mois.

BlockchainK2 Corp. (OTCQB: BIDCF) gab die Wiederaufnahme des Handels mit seinen Stammaktien an der TSX Venture Exchange bekannt, nachdem am 2. April 2025 eine Handelssperre (CTO) verh盲ngt worden war. Die CTO wurde aufgrund von Verz枚gerungen bei der Einreichung der Finanzberichte verh盲ngt und am 14. Mai 2025 aufgehoben.

Die Finanzzahlen zum 31. M盲rz 2025 zeigten einen Working-Capital-Mangel von 1.222.197 US-Dollar, der haupts盲chlich aus 1.236.453 US-Dollar Verbindlichkeiten aus Lieferungen und Leistungen sowie 177.978 US-Dollar kurzfristigen Darlehen bestand. Um dieses Defizit zu beheben, plant BlockchainK2 eine Privatplatzierung von Stammaktien. Das Unternehmen gab au脽erdem bekannt, dass eine Marketingvereinbarung mit Orsus Consult GmbH 眉ber 55.000 EUR abgeschlossen wurde, die nach sechs Monaten ausgelaufen ist.

Positive
  • CTO has been revoked, allowing trading reinstatement
  • Company plans to improve working capital through private placement
Negative
  • Significant working capital deficiency of $1.22M
  • Delayed financial filings led to trading suspension
  • High accounts payable of $1.24M and short-term loans of $178K

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) (the "Company") announces that its common shares will be reinstated for trading on the TSX Venture Exchange. The Company was delayed in filing its annual audited financial statements for the fiscal year ended September 30, 2024, which were due on January 30, 2025 and its interim financial statements for the period ended December 31, 2024. As a result, the BCSC Securities Commission issued a Cease Trade Order ("CTO") on April 2, 2025. The annual audited financial statements, interim financial statements and accompanying management's discussion and analyses and officer certifications were completed shortly thereafter, and the CTO was revoked on May 14, 2025. The Company then entered the TSX Venture Exchange's standard reinstatement review process.

Marketing Arrangements

The Company also announces it engaged Orsus Consult GmbH ("Orsus") to provide online marketing, advertising, and analyst-coverage for the Company for a term of six months that commenced April 1, 2024 at price of 55,000 EUR which was paid upfront. The contract was not renewed and has now expired. Neither Orsus nor its principal, Sascha Opel, received any securities in connection with the services provided. Orsus and Mr. Opel are arm's length to the Company. The principal of Orsus is Sascha Opel of Parsifalstraße 10 Bayreuth, Bayern (DE-BY), 95445 GERMANY.

Working capital deficiency

The Company's March 31, 2025, interim financial statements reflect a working capital deficiency of $1,222,197. The largest components of this deficiency is $1,236,453 of accounts payable and accrued liabilities and short term loans payable of $177,978. Following the reinstatement of the Company's common shares for trading, the company plans to complete a private placement of common shares to improve its working capital deficiency.

BlockchainK2 Corp.
Sergei Stetsenko
CEO
Phone: +971502806737
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Information Cautionary Statement

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information"). Forward-looking information in this release includes, but is not limited to, statements regarding: the expected reinstatement of trading of the Company's common shares on the TSX Venture Exchange; the Company's intention to complete a private placement and improve its working capital position; the expected impacts of the Company's investment in Enverxergy Inc. (d/b/a "AG真人官方Blocks"); and the Company's future business and operational plans.

Forward-looking information is typically identified by words such as "anticipate", "believe", "expect", "plan", "intend", "will", "may", "could", "estimate", "propose" and similar expressions, or statements that events or conditions "may" or "will" occur. These statements are based on management's current expectations and assumptions, including assumptions regarding: (i) the timely completion of reinstatement procedures by the TSX Venture Exchange; (ii) the Company's ability to successfully raise capital in the public markets; (iii) the continued viability and potential of the AG真人官方Blocks platform; and (iv) general economic, market and regulatory conditions remaining favorable.

Forward-looking information is subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. These risks and uncertainties include, but are not limited to: delays or failure in obtaining regulatory approvals; volatility or illiquidity in capital markets; the Company's ability to manage its current working capital deficiency; risks related to the integration, operation and value of the AG真人官方Blocks platform; reputational risks or limitations arising from past financial reporting delays and CTOs; the short-term and non-equity nature of the Company's marketing arrangements; and general business, economic, competitive, political, and social uncertainties.

There can be no assurance that the forward-looking statements contained in this news release will prove to be accurate. Actual results and future events could differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

Additional information identifying risks and uncertainties relating to the Company's business is contained under the heading "Risk Factors" in the Company's most recent filings with Canadian securities regulators, which are available under the Company's profile at .

To view the source version of this press release, please visit

FAQ

What caused BlockchainK2 (BIDCF) shares to be suspended from trading?

BlockchainK2's shares were suspended due to delays in filing its annual audited financial statements for fiscal year 2024 and interim statements for December 2024, resulting in a Cease Trade Order on April 2, 2025.

When was the Cease Trade Order (CTO) for BlockchainK2 (BIDCF) revoked?

The Cease Trade Order for BlockchainK2 was revoked on May 14, 2025 after the company completed its required financial statements and documentation.

What is BlockchainK2's (BIDCF) current working capital situation?

As of March 31, 2025, BlockchainK2 has a working capital deficiency of $1,222,197, including $1,236,453 in accounts payable and $177,978 in short-term loans.

How does BlockchainK2 (BIDCF) plan to address its working capital deficiency?

BlockchainK2 plans to complete a private placement of common shares to improve its working capital position following the reinstatement of trading.

What marketing arrangements did BlockchainK2 (BIDCF) have with Orsus Consult?

BlockchainK2 engaged Orsus Consult GmbH for a six-month term starting April 1, 2024, paying 55,000 EUR upfront for online marketing, advertising, and analyst coverage. The contract has now expired.
Blockchaink2

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Software - Infrastructure
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Canada
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