Bluesky Digital Assets Corp. Issues Clarification on Previously Announced Warrant Grants
Toronto, Ontario – March 12, 2025 – Bluesky Digital Assets Corp. (CSE: BTC) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”), a leading digital asset investment issuer, has released an update to clarify certain details regarding the warrant grants mentioned in its March 7, 2025 press release. The Corporation wishes to correct the wording and provide further information regarding the number of Performance Warrants (the “Warrants”) granted to Directors and Consultants.
Correction of Previous Announcement
In the March 7, 2025 press release, Bluesky Digital Assets Corp. announced that it had granted 6,250,000 Warrants to Directors and Consultants. However, the Corporation now states that this number is incorrect. The actual number of Warrants granted is 5,625,000.
Further Information on Warrant Grants
The Warrants were issued pursuant to the Corporation’s stock option plan and are exercisable at a price of CAD $0.15 per share. They have a term of five years from the date of issuance. The Warrants are subject to vesting, with 25% vesting on the grant date and the remaining 75% vesting in equal monthly instalments over a period of 36 months.
Impact on Shareholders
The clarification of the number of Warrants granted may not have a significant impact on individual shareholders. However, it is important for investors to stay informed about any changes to a company’s capital structure, as these changes can influence the dilutive effect on existing shareholders.
Impact on the Digital Asset Industry
The clarification from Bluesky Digital Assets Corp. is a reminder of the importance of accurate and transparent communication in the digital asset industry. As the sector continues to grow and evolve, companies must maintain the trust and confidence of their investors by providing clear and concise information about their operations and financials.
Conclusion
Bluesky Digital Assets Corp. has issued a clarification regarding the number of Performance Warrants granted to Directors and Consultants in its March 7, 2025 press release. The Corporation now states that 5,625,000 Warrants were issued, rather than the previously stated 6,250,000. This correction is unlikely to have a significant impact on individual shareholders, but it serves as a reminder of the importance of transparency and accuracy in the digital asset industry.
- Bluesky Digital Assets Corp. corrects previously stated number of Performance Warrants granted
- 5,625,000 Warrants issued to Directors and Consultants, not 6,250,000 as previously stated
- Warrants exercisable at CAD $0.15 per share, with a five-year term and monthly vesting
- Impact on individual shareholders likely to be minimal
- Clarification a reminder of the importance of transparency and accuracy in the digital asset industry
