on Bluesky Digital Assets Corp. (CVE:BTC)
Bluesky Digital Assets Corp. Ends ChessGold Inc. Transaction and Announces Leadership Changes
On October 19, 2026, Bluesky Digital Assets Corp. declared the termination of its planned acquisition of ChessGold Inc. The decision comes after both parties recognized their inability to fulfill financial conditions set by the Canadian Securities Exchange for equity financing. Originally announced in April 2026, the agreement has now been dissolved by mutual consent.
Bluesky expressed gratitude for the cooperation with ChessGold, and both companies aim to explore new avenues for growth. Bluesky refocuses on the technology sector and will seek new opportunities to increase shareholder value.
Additionally, the company announced the departure of CEO and Director Ben Gelfand. Alan Grant, Chairman of the Board, has been named interim CEO, while Frank Kordy rejoined the board as a director.
R. P.
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