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Spirit Blockchain Capital issues 7.22M shares to consultants, cutting liabilities and boosting cash reserves.

Company Fundamentals
18 Jun 2026
GlobeNewsWire
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Bullish
Spirit Blockchain Capital issues 7.22M shares to consultants, cutting liabilities and boosting cash reserves.

Spirit Blockchain Capital has approved issuing 7.22 million common shares to consultants and advisors as payment for services, valued at approximately $429,527. This equity issuance helps the company reduce its current liabilities and preserve cash, strengthening its balance sheet. The move reflects confidence in Spirit's long-term vision and aligns key contributors with shareholders as the company focuses on growth and monetizing its blockchain technology assets. The shares are subject to a statutory hold period and securities regulations, supporting Spirit's ongoing strategic initiatives under new management.

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