Skycap SAFE converts into 4,586,166 CLN Global shares at US$0.91 each

Reuters2026/08/10 18:32

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Skycap Investment Holdings converted its May 9, 2025 SAFE with CLN Global into 4,586,166 CLN Class A common shares.
Conversion price set at about US$0.91 per share, implying US$4.17 million purchase amount; no additional cash paid.
SAFE conversion triggered by CLN’s completion of a qualified financing; the SAFE was fully satisfied and terminated.
CLN remains private; the shares carry Canadian resale restrictions.
Skycap shares remain halted pending CSE acceptance of filings tied to its business combination with STRYK Brands.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skycap Investment Holdings Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608101432NEWSFILECNPR____20260810_308756_1) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Skycap SAFE converts into 4,586,166 CLN Global shares at US$0.91 each

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