Bluesky Digital Assets Announces Corporate Updates and Provides Corrective Disclosure

Core Viewpoint - Bluesky Digital Assets Corp. announced corrective disclosures regarding its private placement offering, including details on the issuance of units and associated warrants, as well as the intended use of proceeds for AI development and online gaming [1][10]. Offering Details - The Corporation aimed to complete a non-brokered private placement of up to 8,333,333 units at C$0.12 per unit, targeting gross proceeds of up to C$1,000,000 [1]. - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.15 for 24 months [1]. - Eligible finders were to receive an 8% cash fee and non-transferable finder's warrants, also allowing the purchase of shares at C$0.15 for two years [2]. Tranche Closures - The initial tranche closed on July 14, 2025, with 1,750,000 units issued for approximately C$210,000, and 100,000 finder's warrants issued [4]. - The second tranche, effective July 14, 2025, issued 833,333 units for gross proceeds of approximately C$100,000, with no finder's fees paid [6]. - The final tranche closed on August 15, 2025, issuing 2,199,999 units for gross proceeds of approximately C$264,000, also with no finder's fees [9]. Financial Summary - The total gross proceeds from the offering amounted to approximately C$574,000 through the issuance of 4,783,333 units, with finders receiving C$12,000 in cash and 100,000 finder's warrants [10]. - The net proceeds from all tranches are intended to advance the Corporation's AI development and online gaming initiatives, as well as for general working capital [5][7][10]. Company Overview - Bluesky Digital Assets Corp. operates at the intersection of AI, Blockchain, and Web3 business solutions, leveraging proprietary technology to support businesses in adopting emerging technologies [13].