Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Skychain Technologies Inc. (TSXV: SCT.H) (the "Company" or "Skychain") provides the following update regarding the transition to the newly constituted board of directors appointed pursuant to the order of the Supreme Court of British Columbia dated January 15, 2026.
The Company has discovered and received certain physical corporate records and materials that are stored in a public storage room. These materials consist primarily of paper records and archived corporate documents. The Company has no functional office in operation.
Among the materials received are documents relating to 1151152 BC Ltd., which is not a subsidiary of the Company. These documents do not appear to relate to the business or operations of the Company or its subsidiaries.
Based on a preliminary review, the current board has not been provided with possession of, or access to, any company-owned assets, including electrical equipment, and has not received documentation confirming their disposition.
The board has also not yet received any access credentials for certain historical banking, financial, and digital systems.
The board is conducting a comprehensive review to determine the current status of the Company's assets, records, financial position, and historical reporting. This review includes an assessment of the Company's historical financial statements, regulatory filings, and compliance with applicable securities laws. The board will take appropriate steps as necessary following completion of this review.
The board is actively taking steps to:
Secure control over the Company's financial accounts and records
Identify and confirm the location and status of corporate property and data
Review historical transactions and asset dispositions
Reconstruct, where necessary, financial information and records
The board's priority is to ensure proper governance, financial transparency, and compliance with applicable regulatory requirements. The Company will provide further updates as additional information becomes available.
About Skychain Technologies Inc.
Skychain Technologies Inc. is a public company listed on the TSX Venture Exchange NEX Board under the symbol SCT.H.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
John Lee
info@skychaintechnologiesinc.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284586
Source: Skychain Technologies Inc.
