Spirit Blockchain Capital Finalizes Shares for Services Issuance

On September 3, 2026, Spirit Blockchain Capital Inc. announced the completion of its shares-for-services settlement. The company issued an aggregate of 4,300,300 common shares at a deemed price of $0.05 per share. This issuance equates to a total value of $215,015, addressing outstanding obligations for services previously rendered to the company.

The newly issued shares, distributed on September 3, 2026, are subject to statutory hold periods—ending January 4, 2027, by Canadian law, and January 3, 2027, by the Canadian Securities Exchange. This equity transaction aims to bolster Spirit’s financial standing by reducing liabilities and preserving liquidity without impacting cash reserves.

With this maneuver, Spirit Blockchain Capital intends to enhance its working capital, supporting ongoing technological development and other strategic priorities as it advances its commercialization efforts.