Bluesky Digital corrects disclosure in July 8, 15 NRs

Executive Summary

• Bluesky Digital Assets Corp. issued a corrective disclosure regarding its non-brokered private placement offering, correcting errors in the closing dates, unit issuance quantities, and finder's warrant counts for the initial and second tranches.
• The company clarified that the initial tranche closed on July 14, 2025 (not July 8), and the second tranche issued 833,333 units (not 1.2 million), resulting in a total of 4,783,333 units issued for approximately $574,000 in gross proceeds across all three tranches.
• The company also announced the refiling of its June 30, 2025, financial statements and MD&A to correct prior errors, stating these corrections do not materially impact the company's overall financial position or cash flows.

Key Details

• Offering Structure: Non-brokered private placement of up to 8,333,333 units at $0.12 per unit.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant allows acquisition of one additional common share at an exercise price of $0.15 per share for a period of 24 months.
• Finder's Fees: Eligible finders receive 8% of gross proceeds in cash and non-transferable finder's warrants equal to 8% of the number of units issued. Finder's warrants have the same terms as investor warrants but are non-transferable.
• Initial Tranche Correction:
  • Previously reported closed July 8, 2025; actually closed July 14, 2025.
  • Previously reported 18,000 finder's warrants issued; actually issued 100,000 finder's warrants.
  • Issued 1.75 million units for ~$210,000 gross proceeds.
• Second Tranche Correction:
  • Previously reported 1.2 million units issued; actually issued 833,333 units.
  • Gross proceeds of ~$100,000.
  • No finder's fees paid for this tranche.
• Third (Final) Tranche:
  • Closed effective August 15, 2025.
  • Issued 2,199,999 units for ~$264,000 gross proceeds.
  • No finder's fees paid for this tranche.
• Total Aggregate Results:
  • Total units issued: 4,783,333.
  • Total gross proceeds: ~$574,000.
  • Total finder's compensation: $12,000 in cash and 100,000 finder's warrants.
• Use of Proceeds: Advancing artificial intelligence development, online gaming endeavors, and general working capital.
• Statutory Hold: All securities subject to a statutory hold period of four months and one day from the date of issuance.
• Financial Restatement: Refiled financial statements and MD&A for the three and six months ended June 30, 2025, to correct errors. Management states these corrections do not materially impact the overall financial position or cash flows.

Notable Quotes

• "These corrections do not impact the company's overall financial position or cash flows materially."