Spirit Blockchain Capital Completes Second Round of Private Placement

On January 16, 2025, Spirit Blockchain Capital Inc. ("SBC") announced the successful closure of the second tranche of its non-brokered private placement, confirming its ongoing commitment to financing and strategic growth in the blockchain industry.

Through this latest tranche, SBC issued a total of 883,009 units at a price of $0.165 each, resulting in gross proceeds of $145,696.49. Each unit consists of one common share and one-half of a common share purchase warrant. The warrants are structured to allow holders to purchase an additional common share at an exercise price of $0.255, over a period lasting 24 months from the issuance date.

The funds generated from this offering will be used to drive revenue expansion, enhance relations with investors, and provide support for general corporate activities. The securities issued are subject to a holding period, which extends for four months and one day from the date of the issuance.

Spirit Blockchain Capital is actively engaging with key international investors who exhibit confidence in the company and its strategic vision. While some delays were encountered due to regulatory procedures and settlement obligations, both parties involved remain committed to finalizing their transaction. This partnership underscores the faith in Spirit Blockchain Capital's leadership and its potential for long-term success.

The company prides itself on its transparency and adherence to regulations, positioning itself effectively to create sustainable value for its shareholders. As investments are finalized, Spirit Blockchain Capital aims to reinforce its status as a pioneering force in the blockchain and digital asset sector, focusing on growth and innovation in tokenized finance.

About Spirit Blockchain Capital

Spirit Blockchain Capital is an investment company leading the charge in the blockchain domain. Through its operational and asset management branches, it offers a spectrum of opportunities for capital appreciation. With a strong emphasis on innovation, strategic investments, and operational excellence, the company is set to unlock new potential within the digital economy.

For more information or media inquiries, you may contact Lewis Bateman, the Chief Executive Officer, at [email protected].

Forward-Looking Statements

This announcement includes forward-looking statements and information under applicable securities laws. Words such as "expect," "anticipate," "project," and similar phrases are intended to identify these forward-looking statements. They encompass expectations regarding future events, including anticipated investments from international subscribers and how the proceeds from the offering will be utilized. These statements rely on key assumptions made by the company, and while they believe these assumptions are reasonable, no guarantee can be given that they will prove accurate. Factors that could influence actual outcomes include the timing and amount of additional subscriptions received, as detailed in the long-form prospectus dated August 8, 2022, available on the company’s profile on SEDAR at www.sedar.com. The company is not obligated to update these forward-looking statements except as legally required.

The content of this press release has not been reviewed or approved by the Canadian Securities Exchange (CSE).

investment, blockchain, fundraising