---
title: "C2 Blockchain Raises $100,000 via 12-Month $120,000 Convertible Note With Labrys Fund II"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285217178.md"
description: "C2 Blockchain has secured $100,000 through a 12-month unsecured convertible promissory note with Labrys Fund II, which has a principal amount of $120,000. The note features a 10% interest charge and allows conversion at a 25% discount after specific triggers. It includes a 4.99% ownership cap and share reserve requirements, with amortization starting on October 23, 2026. C2 Blockchain can prepay within 180 days, subject to the holder’s conversion rights."
datetime: "2026-05-05T13:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285217178.md)
  - [en](https://longbridge.com/en/news/285217178.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285217178.md)
generator: "portal-rs"
---

# C2 Blockchain Raises $100,000 via 12-Month $120,000 Convertible Note With Labrys Fund II

C2 Blockchain entered into an unsecured 12-month convertible promissory note with Labrys Fund II for $120,000 in principal, providing $100,000 in gross proceeds and a $20,000 original issue discount. The note carries a one-time 10% interest charge and allows conversion at a 25% discount to the lowest closing bid over the prior 10 trading days after certain triggers, including 180 days post-issuance. The agreement includes a 4.99% ownership cap (up to 9.99% with notice) and share reserve requirements, with amortization beginning Oct. 23, 2026. C2 Blockchain may prepay within 180 days, subject to the holder’s conversion right during notice.

**Agreement details:**

-   **Agreement type**: Unsecured 12-month convertible promissory note
-   **Counterparty**: Labrys Fund II
-   **Signed / Effective**: Apr 23 2026 / same
-   **Duration / Termination**: 12 months
-   **Reason**: Enhance liquidity and fund operations

Original SEC Filing: C2 Blockchain, Inc. \[ CBLO \] - 8-K - May. 05, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [MARA.US](https://longbridge.com/en/quote/MARA.US.md)
- [BITF.US](https://longbridge.com/en/quote/BITF.US.md)
- [GBBK.US](https://longbridge.com/en/quote/GBBK.US.md)
- [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md)
- [BTDR.US](https://longbridge.com/en/quote/BTDR.US.md)
- [BGIN.US](https://longbridge.com/en/quote/BGIN.US.md)
- [BLCN.US](https://longbridge.com/en/quote/BLCN.US.md)
- [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md)
- [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md)
- [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md)
- [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md)
- [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md)
- [BITO.US](https://longbridge.com/en/quote/BITO.US.md)
- [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md)
- [BITB.US](https://longbridge.com/en/quote/BITB.US.md)
- [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md)
- [HODL.US](https://longbridge.com/en/quote/HODL.US.md)
- [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md)

## Related News & Research

- [Hilbert Group shifts strategy to monetization, targets revenue growth after integration phase](https://longbridge.com/en/news/297739875.md)
- [Bitdeer buys 200 acres near Rockdale, Texas facility for USD 100 million](https://longbridge.com/en/news/297692101.md)
- [Bitdeer Technologies Group (BTDR) Could Be 43% Undervalued As Texas AI Expansion Takes Shape](https://longbridge.com/en/news/298104254.md)
- [Bitdeer Buys 200 Acres in Texas to Expand AI and HPC Infrastructure](https://longbridge.com/en/news/297771978.md)
- [Northland Securities Reaffirms Their Buy Rating on Bitdeer Technologies (BTDR)](https://longbridge.com/en/news/297877308.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**