Blockchain Loyalty Corp. agreed to Spin-Off 20% stake in Koilink Technologies Inc. on April 25, 2024. The board of directors has decided to "spin out" Koilink, which is expected to become a separate publicly traded entity.

This strategic decision underscores BBLC's dedication to unlocking the full potential of Koilink's technology and generating value for its shareholders. Upon meeting all regulatory requirements, Koilink's common shares are expected to be listed on either the CSE, CBOE, or OTC Markets. As a 20% stakeholder in Koilink Technologies Inc., BBLC currently holds 10,000,000 of Koilink's 50,000,000 shares outstanding of Class 'A' common shares.

The company, through its transfer agent, will issue 6,489,165 shares of Koilink Common Shares to BBLC shareholders as a dividend. For every 10 Common Shares of BBLC held by shareholders of record on May 15, 2024, each such shareholder will be entitled to receive 1 (one) Class 'A' common share of Koilink Technologies Inc.