- GlobalBlock (BLVDF, Financial) has terminated its reverse takeover (RTO) with RTC Merchants due to challenging market conditions affecting required financing.
- Angus Campbell steps in as the new CEO, replacing Rupert Williams.
- The company is actively seeking new acquisition opportunities under new leadership.
GlobalBlock Digital Asset Trading Limited (BLVDF) announced the termination of its proposed reverse takeover (RTO) transaction with RTC Merchants, citing difficulties in completing required financing amidst turbulent market conditions. The company was unable to finalize a definitive agreement, despite an extension, leading to the cancellation of the transaction.
In a significant leadership change, Angus Campbell has been appointed as the new Chief Executive Officer and director, succeeding Rupert Williams. Campbell, who brings a wealth of experience from London's financial sector, including roles in hedge funds, retail broking, and PR communications, is tasked with steering the company towards new strategic ventures. His background includes founding the boutique PR firm Nominis Advisory and serving as a Director at the TSX Venture Exchange-listed Prestwick Capital Corporation.
GlobalBlock (BLOK.H) is now redirecting its focus on evaluating other acquisition opportunities to establish a new operating business. The board expressed its gratitude towards Rupert Williams for his contributions and announced that he would remain available in an advisory capacity as needed.
The company's stock trades under the symbols BLOK.H on the TSXV, BLVDF on OTC Pink, and BD4 on the FSE. Campbell's appointment is effective immediately, as the company pursues a strategic transaction aimed at achieving an operational business structure.
