Realbotix Receives Initial Digital Assets Distribution from Genesis Global
Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) has received an initial distribution of digital assets from Genesis Global Capital, which is undergoing bankruptcy restructuring. The company received 189 Ethereum (ETH), representing 55% of its ETH held at Genesis. Realbotix now holds 3,045 ETH in custody, with 151 ETH remaining at Genesis. The company expects to receive 30% of its Solana (SOL) holdings in the initial distribution, resulting in approximately 5,400 SOL in custody and 12,601 SOL still at Genesis. Genesis's restructuring plan does not cap recoveries, potentially allowing for up to 100% asset recovery. CEO Andrew Kiguel expressed confidence in receiving the majority of assets by year-end as distributions continue.
Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) ha ricevuto una distribuzione iniziale di asset digitali da Genesis Global Capital, che è attualmente in fase di ristrutturazione a seguito di bancarotta. L'azienda ha ricevuto 189 Ethereum (ETH), pari al 55% delle sue ETH detenute presso Genesis. Realbotix detiene ora 3,045 ETH in custodia, con 151 ETH rimasti presso Genesis. L'azienda si aspetta di ricevere il 30% delle sue partecipazioni in Solana (SOL) nella distribuzione iniziale, risultando in circa 5,400 SOL in custodia e 12,601 SOL ancora presso Genesis. Il piano di ristrutturazione di Genesis non prevede limiti per i recuperi, consentendo quindi il recupero fino al 100% degli asset. Il CEO Andrew Kiguel ha espresso fiducia nel ricevere la maggior parte degli asset entro la fine dell'anno, poiché le distribuzioni continuano.
Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) ha recibido una distribución inicial de activos digitales de Genesis Global Capital, que se encuentra en un proceso de reestructuración por bancarrota. La empresa recibió 189 Ethereum (ETH), lo que representa el 55% de sus ETH que tenía en Genesis. Realbotix ahora tiene 3,045 ETH en custodia, con 151 ETH restantes en Genesis. La compañía espera recibir el 30% de sus tenencias en Solana (SOL) en la distribución inicial, lo que resultará en aproximadamente 5,400 SOL en custodia y 12,601 SOL todavía en Genesis. El plan de reestructuración de Genesis no establece un límite en las recuperaciones, lo que podría permitir una recuperación de hasta el 100% de los activos. El CEO Andrew Kiguel expresó confianza en recibir la mayoría de los activos antes de fin de año, ya que las distribuciones continúan.
Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF)는 현재 파산 구조조정 중인 Genesis Global Capital에서 디지털 자산의 초기 분배를 받았습니다. 이 회사는 189 Ethereum (ETH)을 받았으며, 이는 Genesis에서 보유한 ETH의 55%에 해당합니다. Realbotix는 현재 3,045 ETH를 보유하고 있으며, Genesis에는 151 ETH가 남아 있습니다. 회사는 초기 분배에서 Solana (SOL) 보유량의 30%를 받을 것으로 예상하며 이는 약 5,400 SOL이 Custody에 보관되고 12,601 SOL이 Genesis에 남아 있는 결과입니다. Genesis의 구조조정 계획은 회복에 제한을 두지 않아 자산 회복률이 최대 100%에 이를 수 있는 가능성을 열어줍니다. CEO Andrew Kiguel은 분배가 계속되는 한 연말까지 대다수 자산을 받을 것이라는 확신을 표명했습니다.
Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) a reçu une distribution initiale d'actifs numériques de Genesis Global Capital, qui est en cours de restructuration suite à une faillite. L'entreprise a reçu 189 Ethereum (ETH), représentant 55% de ses ETH détenues chez Genesis. Realbotix détient maintenant 3,045 ETH en fiducie, avec 151 ETH restant chez Genesis. L'entreprise s'attend à recevoir 30% de ses avoirs en Solana (SOL) dans cette première distribution, résultant en environ 5,400 SOL en fiducie et 12,601 SOL encore chez Genesis. Le plan de restructuration de Genesis ne fixe pas de limite pour les récupérations, permettant potentiellement un remboursement de jusqu'à 100% des actifs. Le CEO Andrew Kiguel a exprimé sa confiance de recevoir la majorité des actifs d'ici la fin de l'année, alors que les distributions continuent.
Realbotix Corp. (TSX-V: XBOT | OTC: XBOTF) hat eine erste Verteilung digitaler Vermögenswerte von Genesis Global Capital erhalten, das sich in einem Insolvenzrestrukturierungsprozess befindet. Das Unternehmen erhielt 189 Ethereum (ETH), was 55% seiner bei Genesis gehaltenen ETH entspricht. Realbotix hält jetzt 3,045 ETH in Verwahrung, wobei 151 ETH noch bei Genesis verbleiben. Das Unternehmen erwartet, dass es 30% seines Solana (SOL) Bestandes in der ersten Verteilung erhält, was zu ungefähr 5,400 SOL in Verwahrung und 12,601 SOL, die noch bei Genesis sind, führt. Der Restrukturierungsplan von Genesis setzt keine Obergrenze für Rückzahlungen, was eine Rückgewinnung von bis zu 100% der Vermögenswerte ermöglichen könnte. CEO Andrew Kiguel äußerte die Zuversicht, bis zum Jahresende den Großteil der Vermögenswerte zu erhalten, da die Verteilungen fortgesetzt werden.
- Received 55% of Ethereum assets held at Genesis
- Expected to receive 30% of Solana assets in initial distribution
- Genesis restructuring plan allows for potential 100% asset recovery
- No cap on recoveries from the original petition date
- Ongoing distributions expected throughout 2024
- 151 ETH and 12,601 SOL still held at bankrupt Genesis Global Capital
- Full asset recovery not guaranteed and timeline uncertain
Realbotix received 189 Ethereum (ETH) from Genesis representing approximately
Realbotix has also been informed that it will receive a distribution of
Unlike similar bankruptcy restructuring plans, Genesis's plan does not impose a cap on recoveries from the original petition date. This means that creditors can look forward to further distributions, offering a more favorable recovery path that may approach
"We are pleased with the progress made in recovering our assets from Genesis's restructuring,” said Andrew Kiguel, CEO of Realbotix. “We are confident that we will receive the majority of our assets by the end of the year as funds continue to be distributed."
The restructuring plan indicates that creditors will be entitled to further recoveries beyond the initial distribution as part of ongoing claims reconciliation. This approach ensures that Realbotix and other creditors will continue to benefit as the claims are settled.
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
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 and programmable to suit a wide variety of use cases.
Visit Realbotix.AI to learn more.
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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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240812686233/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 Ethereum (ETH) did Realbotix (XBOTF) receive from Genesis Global Capital?
What is the total amount of Ethereum (ETH) Realbotix (XBOTF) currently holds?
How much Solana (SOL) is Realbotix (XBOTF) expected to receive in the initial distribution from Genesis?
When does Realbotix (XBOTF) expect to receive the majority of its assets from Genesis?
