Secure Blockchain Completes Acquisition of Agentic Solutions Limited, Launches Enterprise Agentic AI Platform

• Secure Blockchain Development Corp. completed an all-stock acquisition of Agentic Solutions Limited on April 10, 2026.
• The company issued 5,000,000 common shares at a deemed price of $0.09 per share for the acquisition.
• A non-brokered private placement raised $1.5 million through the issuance of 13,333,333 units at $0.1125 per unit.
• Each unit contains one common share and half a warrant (full warrant price $0.15, exercisable until April 10, 2030).
• Debt settlement was executed by issuing 4,444,444 common shares to retire $500,000 of liabilities.
• CEO Todd Sexton contributed 693,333 shares as part of the debt settlement (related-party transaction).
• Securities issued are subject to a statutory hold period expiring August 11, 2026.
• The acquisition brings commercial application of elizaOS to public markets via Agentic Solutions' platform.

• Dilution Impact: Significant equity dilution occurred with approximately 22.7 million new shares issued (acquisition + financing + debt settlement) against a post-consolidation base, increasing total outstanding shares to ~32.6 million. This represents a >3x increase in share count since the September 2025 consolidation.
• Cash Injection: The $1.5 million private placement provides immediate working capital and liquidity, which is material for a micro-cap company with no revenue history.
• Debt Reduction: Clearing $500,000 of liabilities improves the balance sheet solvency profile but was achieved via equity issuance rather than cash repayment.
• Asset Quality: Agentic Solutions is described as "pre-revenue" with "no material assets or liabilities." The acquisition adds intellectual property and platform access (elizaOS) rather than immediate cash flow, increasing execution risk.
• Market Reaction: Stock price declined from $0.20 at the February announcement to $0.12 by April completion, indicating the market has already priced in the dilution and skepticism regarding the pre-revenue asset.

• Company Name: Secure Blockchain Development Corp. (formerly Identillect Technologies Corp.).
• Flagship Project: Enterprise Agentic AI Platform via the acquisition of Agentic Solutions Limited.
• Strategic Focus: Integration of blockchain infrastructure with agentic AI applications using elizaOS technology.
• Development Stage: Pre-revenue; platform build-out and consulting delivery are ongoing.
• History: Underwent a 1-for-30 share consolidation and name change effective October 3, 2025, signaling a strategic pivot from previous operations to blockchain/AI focus.