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Realbotix Receives Distribution from Genesis, Increasing its ETH Holdings

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Realbotix (XBOTF) has received a distribution of 14.212 Ethereum (ETH) and US$108,896 in cash from Genesis Global Capital as part of its restructuring process. The ETH repayment represents 5% of Realbotix's holdings at Genesis, with 29.2% still outstanding. The cash payment represents 4.3% of the company's Solana (SOL) tokens held at Genesis, with 66.1% remaining outstanding. Currently, Realbotix holds 3,038 ETH and 1,111,111,111 Blaze tokens in its treasury. Genesis still holds 83.59 ETH and 10,033.29 SOL belonging to Realbotix.

Realbotix (XBOTF) ha ricevuto una distribuzione di 14.212 Ethereum (ETH) e 108.896 US$ in contanti da Genesis Global Capital come parte del processo di ristrutturazione. Il rimborso in ETH rappresenta il 5% delle partecipazioni di Realbotix presso Genesis, con il 29,2% ancora da saldare. Il pagamento in contante rappresenta il 4,3% dei token Solana (SOL) detenuti da Realbotix presso Genesis, con il 66,1% ancora in sospeso. Attualmente, Realbotix detiene 3.038 ETH e 1.111.111.111 token Blaze nel suo tesoro. Genesis detiene ancora 83,59 ETH e 10.033,29 SOL appartenenti a Realbotix.

Realbotix (XBOTF) ha recibido una distribución de 14.212 Ethereum (ETH) y 108.896 US$ en efectivo de Genesis Global Capital como parte de su proceso de reestructuración. El reembolso en ETH representa el 5% de las tenencias de Realbotix en Genesis, con un 29,2% aún pendiente. El pago en efectivo representa el 4,3% de los tokens Solana (SOL) que Realbotix tiene en Genesis, con un 66,1% restante. Actualmente, Realbotix posee 3.038 ETH y 1.111.111.111 tokens Blaze en su tesorería. Genesis aún retiene 83,59 ETH y 10.033,29 SOL pertenecientes a Realbotix.

Realbotix (XBOTF)는 구조 조정 과정의 일환으로 Genesis Global Capital로부터 14.212 Ethereum (ETH)108,896 US$의 현금을 배분 받았습니다. ETH 상환은 Realbotix가 Genesis에서 보유한 자산의 5%를 나타내며, 29.2%는 여전히 미결제 상태입니다. 현금 지급은 Genesis에 보유된 회사의 Solana (SOL) 토큰의 4.3%를 나타내며, 66.1%가 여전히 미결제 상태입니다. 현재 Realbotix는 3.038 ETH1.111.111.111 Blaze 토큰을 보유하고 있습니다. Genesis는 여전히 Realbotix에 소속된 83.59 ETH와 10.033.29 SOL을 보유하고 있습니다.

Realbotix (XBOTF) a reçu une distribution de 14.212 Ethereum (ETH) et 108.896 US$ en espèces de Genesis Global Capital dans le cadre de son processus de restructuration. Le remboursement en ETH représente 5% des avoirs de Realbotix chez Genesis, avec 29,2% encore en attente. Le paiement en espèces représente 4,3% des jetons Solana (SOL) détenus par la société chez Genesis, avec 66,1% restant en suspens. Actuellement, Realbotix détient 3.038 ETH et 1.111.111.111 jetons Blaze dans sa trésorerie. Genesis détient encore 83,59 ETH et 10.033,29 SOL appartenant à Realbotix.

Realbotix (XBOTF) hat von Genesis Global Capital im Rahmen seines Umstrukturierungsprozesses eine Verteilung von 14.212 Ethereum (ETH) und 108.896 US$ in bar erhalten. Die ETH Rückzahlung stellt 5% der Bestände von Realbotix bei Genesis dar, wobei 29,2% noch ausstehen. Die Barauszahlung entspricht 4,3% der Solana (SOL) Token des Unternehmens, die bei Genesis gehalten werden, wobei 66,1% noch ausstehen. Derzeit hält Realbotix 3.038 ETH und 1.111.111.111 Blaze-Token in seiner Kasse. Genesis hält noch 83,59 ETH und 10.033,29 SOL, die Realbotix gehören.

Positive
  • Received partial asset recovery of 14.212 ETH and US$108,896 from Genesis
  • Current treasury holdings of 3,038 ETH and 1,111,111,111 Blaze tokens
  • Additional recoveries expected from Genesis restructuring
Negative
  • 29.2% of ETH holdings still locked at Genesis (83.59 ETH)
  • 66.1% of SOL tokens remain locked at Genesis (10,033.29 SOL)
  • Previously had to mark down Genesis-held assets to zero

LAS VEGAS--(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 an additional distribution of 14.212 Ethereum (“ETH”) and a cash payment of US$108,896 as part of the restructuring process at Genesis Global Capital (“Genesis”).

The 14.212 ETH repayment represents 5% of Realbotix’s ETH held at Genesis, of which 29.2% are still outstanding and owed to the Company. As of the current date, Realbotix holds 3,038 ETH in its treasury and is owed 83.59 ETH from Genesis.

In addition, the cash repayment of US$108,896 represents 4.3% of Realbotix’s Solana (“SOL”) tokens held at Genesis, of which 66.1% are still outstanding and owed to the Company.

The US$108,895.79 cash payment and 14.212 ETH will be added to Realbotix’s balance sheet as these assets have previously marked down to zero.

Genesis still holds 83.59 ETH and 10,033.29 SOL in its custody that belong to Realbotix. Based on its communications with Genesis, management expects to receive further payments in cash or in-kind as the restructuring progress continues.

In addition to its 3,088 ETH, Realbotix also holds 1,111,111,111 Blaze tokens in its treasury.

In addition to its asset recovery efforts, Realbotix’s previous domain, Tokens.com, is available for purchase. This domain, previously associated with the company’s blockchain endeavors, offers an unparalleled opportunity for businesses or individuals in the cryptocurrency, blockchain, or digital asset space. For more information email contact@realbotix.ai.

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 ETH did Realbotix (XBOTF) receive from Genesis in their latest distribution?

Realbotix received 14.212 ETH from Genesis, representing 5% of their ETH holdings at Genesis.

What is the current ETH treasury holding of Realbotix (XBOTF)?

Realbotix currently holds 3,038 ETH in its treasury.

How much of Realbotix's (XBOTF) assets are still locked at Genesis?

Genesis still holds 83.59 ETH (29.2% of original ETH holdings) and 10,033.29 SOL (66.1% of original SOL holdings) belonging to Realbotix.

REALBOTIX CORP

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