BlockchainK2 Corp. (TSXV: BITK | OTCQB: BIDCF | FSE: KRL2) has announced the grant of an aggregate of 3,515,976 incentive stock options to certain directors and officers under its stock option plan. Each option is exercisable at $0.05 per common share until October 1, 2028, and all options vested immediately upon grant. The disclosure also triggered an early warning report obligation for Chairman Sergei Stetsenko, whose partially diluted ownership increased following the grant.

Key Points

  • BlockchainK2 Corp. (TSXV: BITK | OTCQB: BIDCF | FSE: KRL2) is a Vancouver-based blockchain and digital-asset technology and investment company.
  • The company granted 3,515,976 incentive stock options to directors and officers, all vesting immediately on grant.
  • Options are exercisable at $0.05 per share until October 1, 2028; Chairman Stetsenko received 1,565,585 of the total options granted.
  • Investors may watch for any further changes to insider ownership or additional option grants under the company's stock option plan.

Stetsenko's Ownership Position After the Option Grant

Chairman and director Sergei Stetsenko received 1,565,585 of the total options granted, each exercisable at $0.05 per share until October 1, 2028, for no cash consideration. Prior to the grant, Stetsenko beneficially owned or controlled 7,444,840 shares and 384,806 options, representing approximately 19.1% of issued and outstanding shares on a non-diluted basis and approximately 19.9% on a partially diluted basis. Following the grant, his total option holdings rose to 1,950,391, while his non-diluted share ownership remained at approximately 19.1%.

Partially Diluted Stake Rises to 22.9% for BlockchainK2 Chairman

Following the option grant, Stetsenko's partially diluted ownership — assuming the exercise of all 1,950,391 options now held — increased to approximately 22.9% of issued and outstanding shares, up from approximately 19.9% prior to the grant. The release states that the securities are held for investment purposes and that Stetsenko maintains a long-term view of the investment. The disclosure notes he may acquire or sell additional securities depending on market conditions and other relevant factors.

BlockchainK2's Focus on Blockchain and Digital-Asset Infrastructure

BlockchainK2 Corp. describes itself as a technology and investment company focused on opportunities within the blockchain and digital-asset ecosystem. Through its subsidiaries, investments, and strategic relationships, the company states it seeks to participate in the development of blockchain-enabled financial infrastructure and digital-asset businesses. The immediate share price impact of the option grant announcement was not clear from available public information.