GlobalBlock Announces Termination of Proposed Reverse Takeover (RTO); Management Transition

Core Points - GlobalBlock Digital Asset Trading Limited has terminated its reverse takeover transaction with RTC Merchants Ltd due to challenging market conditions that hindered the completion of necessary financing [1] - The company is now exploring other acquisition opportunities to combine with a new business [2] - Mr. Rupert Williams has stepped down as CEO and director, with Mr. Angus Campbell appointed as the new CEO and director to lead the company in pursuing a strategic transaction [3][4] Leadership Changes - Mr. Rupert Williams will remain available in an advisory capacity despite stepping down [4] - Mr. Angus Campbell has a background in hedge funds, retail broking, and market analysis, and has established a PR firm serving various sectors [5][6] Future Plans - The company aims to identify and complete the acquisition of or combination with a new business as part of its strategic direction [2][3]