Vancouver, Jan. 16, 2025 (GLOBE NEWSWIRE) — Spirit Blockchain Capital (SBC or the Company) (CSE: SPIR), is pleased to announce the successful closing of the second tranche of its first announced non-brokered private placement (the offer).

Under this second tranche, SBC issued 883,009 units (Units) at a price of $0.165 per Unit, raising a gross profit of $145,696.49. Each Unit consists of a common part of the SBC (a Common Share) and half of a common share purchase warrant (a Warrant). Each full Warrant entitles the holder to acquire an additional Common Share at an exercise price of $0.255 within 24 months from the date of issuance.

The net proceeds of this Offering will be strategically allocated to facilitate revenue expansion opportunities, enhance investor relations, and support overall corporate operations. All securities issued under the Offering are subject to a statutory hold period lasting four months and one day from the date of issuance.

Spirit Blockchain Capital continues to work closely with our leading international investors, demonstrating their strong confidence in our vision and strategy. While the investment process faces delays due to regulatory frameworks and settlement requirements, both parties remain fully committed to concluding the transaction. This strategic partnership underscores the confidence placed in Spirit Blockchain Capital’s leadership and long-term potential.

Our dedication to transparency and regulatory compliance ensures that we are well positioned to deliver sustainable value for shareholders. As we close this significant investment, Spirit Blockchain Capital continues to strengthen its role as a trusted innovator in the blockchain and digital asset space, driving growth and innovation in tokenized finance.

About Spirit Blockchain Capital

Spirit Blockchain Capital is a leading investment firm at the forefront of the blockchain industry. Through our operational business line and asset management business, we provide investors with a variety of opportunities for capital appreciation. With a strong focus on innovation, strategic investment, and operational efficiency, Spirit Blockchain is poised to unlock the potential of the digital economy.

For media inquiries, please contact:

Lewis (JO:) Bateman
Chief Executive Officer
[email protected]

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words expect, anticipate, continue, estimate, aim, may, will, project, should, believe, plan, intend and similar expressions are intended to identify forward-looking information. or statements. Forward-looking statements in this press release include the Company’s expectation of additional investments from international subscribers and the timing of completion of these investments, the Company’s proposed use of the proceeds of the Offering and plans in the company’s business. Forward-looking statements and information are based on certain significant expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on such forward-looking statements and information because the Company cannot guarantee that they will be verified as correct. Because forward-looking statements and information address future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results may differ materially from current expectations due to a number of factors and risks, including without limitation the risk that the Company may not receive additional subscriptions from international subscribers in a timely manner time or at all, and that even when such subscriptions are received. they may not be in the amount expected. Factors that could materially affect such forward-looking information are described under the heading Risk Factors in the Company’s long-form prospectus dated August 8, 2022, which is available on the Company’s profile on SEDAR at www.sedar.com. The Company has no obligation to update the information in the future except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may differ materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

CSE has not reviewed, approved or disapproved the content of this press release.

Source: Spirit Blockchain Capital Inc.