Bluesky Digital Assets Corp. (CSE:BTC)(OTCQB:BTCWF) has provided its shareholders with a significant update regarding its proposed acquisition of ChessGold Inc. This transaction, initially announced on January 22, 2026, and revisited on April 17, 2026, is currently under advanced review by the Canadian Securities Exchange (CSE).
Due to the CSE categorizing the proposed acquisition as a "Fundamental Change," trading in Bluesky's common shares has been suspended since the announcement of the binding letter of intent. This suspension will continue while the CSE completes its review process. The company is actively cooperating with regulatory requests and addressing inquiries to facilitate the review.
In alignment with the approval requirements for the Fundamental Change, Bluesky is preparing a management information circular. This document, which is under final review by the CSE, will provide detailed insights about the transaction. Once approved, it will be filed on SEDAR+ and distributed to shareholders ahead of a special meeting to review and potentially approve the acquisition.
Bluesky emphasizes its commitment to completing the acquisition as quickly as possible while adhering to all regulatory requirements. However, the company has cautioned that the timeline for finalizing the CSE review, scheduling the shareholder meeting, and lifting the trading halt remains uncertain.
Bluesky Digital Assets Corp. (CSE:BTC)(OTCQB:BTCWF) is in the advanced stages of review for its proposed acquisition of ChessGold Inc. Trading of Bluesky's shares has been halted since the announcement of a binding letter of intent. The halt will continue while the Canadian Securities Exchange (CSE) reviews the transaction, which is deemed a 'Fundamental Change.'
Trading in the common shares of Bluesky Digital Assets Corp. has been halted as the CSE reviews the proposed acquisition of ChessGold Inc. The CSE considers this transaction a 'Fundamental Change,' and trading will remain halted until the completion of the CSE's review process.
Bluesky Digital Assets Corp. is preparing a management information circular for final approval by the CSE, which will contain detailed information about the acquisition of ChessGold Inc. The Company will hold a special meeting for shareholders to consider and potentially approve the transaction.
Bluesky Digital Assets Corp. has indicated that it will provide updates as the acquisition process advances. However, there is no assurance of exact timing for the filing of the management information circular, the shareholder meeting, or the resumption of trading.
Shareholders should understand that trading in Bluesky Digital Assets Corp. shares will remain halted until the CSE completes its review and until the management information circular is filed. There is no guarantee regarding when trading may resume.
Shareholders can refer to Bluesky Digital Assets Corp.'s earlier news releases dated January 22, 2026, and April 17, 2026, which provide additional details about the acquisition of ChessGold Inc. This information is accessible under the Company’s profile on SEDAR+.
Bluesky Digital Assets Corp. warns that trading in its securities is highly speculative. There are risks and uncertainties inherent in the acquisition process, as well as in the forward-looking statements made by the Company.
Yes, the proposed acquisition of ChessGold Inc. by Bluesky Digital Assets Corp. requires approval from the Canadian Securities Exchange (CSE), which has not yet been granted.