Realbotix Receives Distribution from Genesis, Increasing its ETH Holdings

Rhea-AI Summary

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.

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.

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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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241112634193/en/

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.