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Realbotix Receives Cash Payment from Genesis Restructuring Process

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Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) has received a US$743,500 payment from Genesis Global Capital's restructuring process, representing 30% of its Solana (SOL) tokens held at Genesis. This recovery reflects a 26.5% premium over the current SOL market price. Additionally, a $138,190 debt owed by Realbotix to Genesis was fully repaid. The company also received 189 Ethereum (ETH) in August 2024. These recovered assets will be added to Realbotix's balance sheet, having been previously written off. Realbotix expects further payments as the restructuring continues. Genesis still holds 97 ETH and 10,691 SOL belonging to Realbotix. The company's treasury includes 3,052 ETH, 87,209 DOT, and 1,111 million Blaze tokens in self-custody.

Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) ha ricevuto un pagamento di US$743,500 dal processo di ristrutturazione di Genesis Global Capital, che rappresenta il 30% dei suoi token Solana (SOL) detenuti presso Genesis. Questo recupero riflette un premio del 26,5% rispetto al prezzo di mercato attuale di SOL. Inoltre, un debito di $138,190 che Realbotix aveva nei confronti di Genesis è stato completamente rimborsato. L'azienda ha anche ricevuto 189 Ethereum (ETH) ad agosto 2024. Questi beni recuperati saranno aggiunti al bilancio di Realbotix, essendo stati precedentemente depennati. Realbotix si aspetta ulteriori pagamenti man mano che la ristrutturazione continua. Genesis detiene ancora 97 ETH e 10,691 SOL appartenenti a Realbotix. Il tesoro dell'azienda include 3,052 ETH, 87,209 DOT e 1,111 milioni di token Blaze in custodia propria.

Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) ha recibido un pago de US$743,500 del proceso de reestructuración de Genesis Global Capital, que representa el 30% de sus tokens de Solana (SOL) mantenidos en Genesis. Esta recuperación refleja una prima del 26.5% sobre el precio de mercado actual de SOL. Además, una deuda de $138,190 que Realbotix tenía con Genesis fue completamente pagada. La compañía también recibió 189 Ethereum (ETH) en agosto de 2024. Estos activos recuperados se agregarán al balance de Realbotix, habiendo sido previamente dados de baja. Realbotix espera más pagos a medida que avanza la reestructuración. Genesis todavía posee 97 ETH y 10,691 SOL que pertenecen a Realbotix. El tesoro de la compañía incluye 3,052 ETH, 87,209 DOT y 1,111 millones de tokens Blaze en custodia propia.

Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF)는 Genesis Global Capital의 구조 조정 과정에서 US$743,500의 지불을 받았으며, 이는 Genesis에 보유하고 있는 Solana (SOL) 토큰의 30%에 해당합니다. 이 회수는 현재 SOL 시장 가격보다 26.5%의 프리미엄을 반영합니다. 또한, Realbotix가 Genesis에 지고 있던 $138,190의 부채는 전액 상환되었습니다. 이 회사는 2024년 8월에 189 Ethereum (ETH)을 추가로 받았습니다. 이러한 회수된 자산은 이전에 상각된 바 있으므로 Realbotix의 대차대조표에 추가될 것입니다. Realbotix는 구조 조정이 계속됨에 따라 추가 지불을 기대하고 있습니다. Genesis는 Realbotix 소속의 97 ETH와 10,691 SOL을 여전히 보유하고 있습니다. 이 회사의 재무제표에는 3,052 ETH, 87,209 DOT 및 1,111 백만 Blaze 토큰이 자가 보관되고 있습니다.

Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) a reçu un paiement de 743 500 $ US suite au processus de restructuration de Genesis Global Capital, représentant 30 % de ses tokens Solana (SOL) détenus chez Genesis. Cette récupération représente une prime de 26,5 % par rapport au prix actuel du marché SOL. De plus, une dette de 138 190 $ due par Realbotix à Genesis a été entièrement remboursée. L'entreprise a également reçu 189 Ethereum (ETH) en août 2024. Ces actifs récupérés seront ajoutés au bilan de Realbotix, ayant été auparavant radiés. Realbotix attend d'autres paiements à mesure que la restructuration progresse. Genesis détient encore 97 ETH et 10 691 SOL appartenant à Realbotix. Le trésor de l'entreprise comprend 3 052 ETH, 87 209 DOT et 1 111 millions de tokens Blaze en auto-détention.

Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) hat eine Zahlung von US$743,500 im Rahmen des Restrukturierungsprozesses von Genesis Global Capital erhalten, was 30% seiner bei Genesis gehaltenen Solana (SOL) Token entspricht. Diese Rückgewinnung spiegelt eine Prämie von 26,5% über dem aktuellen SOL-Marktpreis wider. Darüber hinaus wurde eine Schuld von $138,190, die Realbotix an Genesis schuldete, vollständig beglichen. Das Unternehmen erhielt außerdem 189 Ethereum (ETH) im August 2024. Diese wiedergewonnenen Vermögenswerte werden in die Bilanz von Realbotix aufgenommen, nachdem sie zuvor abgeschrieben wurden. Realbotix erwartet weitere Zahlungen, während die Restrukturierung fortschreitet. Genesis hält weiterhin 97 ETH und 10,691 SOL, die Realbotix gehören. Die Unternehmensschatzung umfasst 3,052 ETH, 87,209 DOT und 1,111 Millionen Blaze-Token in Selbstverwahrung.

Positive
  • Received US$743,500 cash payment from Genesis restructuring
  • Recovered Solana tokens at 26.5% premium over current market price
  • Received 189 Ethereum in August 2024
  • Eliminated $138,190 debt owed to Genesis
  • Expects further asset recovery from Genesis restructuring
  • Addition of recovered assets to balance sheet
Negative
  • 97 ETH and 10,691 SOL still held by Genesis, pending recovery

TORONTO--(BUSINESS WIRE)-- Realbotix Corp. (TSX-V: XBOT | Frankfurt Stock Exchange: 76M0.F | OTC: XBOTF) (“Realbotix” or the “Company”), a leading creator of humanoid robots and companionship-based AI, has received a payment of US$743,500 as part of the restructuring process at Genesis Global Capital (“Genesis”). In addition, an amount of $138,190 owed by Realbotix to Genesis was repaid in its entirety from other tokens held at Genesis. The Company has no further obligations to Genesis.

This initial payment of US$743,500 represents 30% of the Company's Solana (SOL) tokens held at Genesis which were recovered at a value of $165.55 per SOL. This recovery reflects a premium of approximately 26.5% over the current market price of SOL. This cash payment is in addition to the 189 Ethereum (ETH) received from Genesis in August 2024, also as part of the restructuring.

The US$743,500 cash payment and 189 ETH will be added to Realbotix’s balance sheet, as these assets had been previously written-off. In addition, the debt balance of USD $138,190 that was owed to Genesis will be eliminated in the upcoming financial statements. Based on its communications with Genesis, management expects to receive further payments in cash or in-kind as the restructuring progress continues. This cash distribution reflects the positive progress of Genesis's restructuring efforts and sets the stage for subsequent distributions.

“We are pleased to see the recovery of our assets via the Genesis restructuring process. In addition, we are pleased to add these recovered assets back to our balance sheet, which will be reflected in our next quarter reporting,” said Andrew Kiguel, CEO of Realbotix. “We are confident that we will receive more of our assets by the end of the year as funds continue to be distributed," added Kiguel.

Genesis still holds 97 ETH and 10,691 SOL in its custody that belong to Realbotix. In addition to these amounts, Realbotix owns and has self custody of 3,052 ETH, 87,209 DOT and 1,111 million Blaze tokens in its treasury.

The Company’s ticker symbol on The Frankfort Exchange has also been updated to 76M0.F from 76M. All other ticker symbols for the Company remain unchanged.

About Realbotix

Transcending the barrier between man and machine, Realbotix creates customizable, full-bodied, human-like robots with AI integration that improve the human experience through learning, connection and play. Manufactured in Nevada, USA, Realbotix has built a reputation for having the highest quality humanoid robots and the most realistic skin technology on the market. Our target addressable markets are massive, most of them in the tens or hundreds of billions USD.

Our mission is to create robots and AI that are indistinguishable from humans in appearance and social interaction. Realbotix replicates the physical and emotional aspects of being human, in hardware and software. This versatility makes our robots and their personalities customizable to suit a wide variety of use cases.

Visit Realbotix.AI to learn more.

Keep up-to-date on Realbotix.AI developments and join our online communities on Twitter, LinkedIn, and YouTube.

Follow Aria, our digital avatar on Instagram and TikTok.

Forward-Looking Statements

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Realbotix Corp.



Andrew Kiguel, CEO

Email: contact@realbotix.ai



Jennifer Karkula, Head of Communications

Email: contact@realbotix.ai

Telephone: 647-578-7490

Source: Realbotix Corp.

FAQ

How much cash did Realbotix (XBOTF) receive from Genesis restructuring?

Realbotix received a cash payment of US$743,500 from Genesis Global Capital's restructuring process.

What percentage of Realbotix's (XBOTF) Solana tokens were recovered from Genesis?

The initial payment represents 30% of Realbotix's Solana (SOL) tokens held at Genesis.

How many Ethereum tokens did Realbotix (XBOTF) receive from Genesis in August 2024?

Realbotix received 189 Ethereum (ETH) from Genesis in August 2024 as part of the restructuring process.

What is the current status of Realbotix's (XBOTF) debt to Genesis?

A debt of $138,190 owed by Realbotix to Genesis was repaid in full, and the company has no further obligations to Genesis.

How many crypto tokens does Realbotix (XBOTF) currently hold in its treasury?

Realbotix owns and has self-custody of 3,052 ETH, 87,209 DOT, and 1,111 million Blaze tokens in its treasury.

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