- Black Titan Corporation completed its Business Combination on **October 1, 2025**, following stockholder approval on **August 26, 2025**.  **[2034400_0001493152-25-017489_form6-k.htm:2]** 
- The transaction is accounted for as a reverse recapitalization, with **TalenTec** treated as the accounting acquirer.  **[2034400_0001493152-25-017489_ex99-1.htm:3]** 
- Post-transaction, **TalenTec's existing security holders** will own approximately **54.5%** of the outstanding PubCo Ordinary Shares.  **[2034400_0001493152-25-017489_ex99-1.htm:3]** 
- On **October 1, 2025**, Black Titan submitted a Drawdown Notice for **$5,500,000** in Series A Preferred Shares, part of a subscription agreement for up to **$6,000,000**.  **[2034400_0001493152-25-017489_form6-k.htm:2]** 
- The unaudited pro forma condensed combined financial statements show a net loss of **$(1,376) thousand** for the six months ended January 31, 2025, and **$(5,523) thousand** for the year ended July 31, 2024.  **[2034400_0001493152-25-017489_ex99-1.htm:6]**

Black Titan Corporation Completes Business Combination and Issues Preferred Shares

- Black Titan Corporation is exploring **long-term strategic crypto initiatives** with potential **strategic investments in digital currencies**.  **[2034400_0001493152-25-017136_form6-k.htm:0]** **[2034400_0001493152-25-017136_ex99-1.htm:0]** 
- The company plans to utilize a **digital currency holding strategy** and is actively exploring additional investments through **direct coin acquisitions, mining, and fintech-related mergers and acquisitions**.  **[2034400_0001493152-25-017136_ex99-1.htm:0]** 
- CEO Chay W. J. noted that the current environment, including the new Trump administration's optimism and major financial institutions embracing alternative assets, presents an opportune moment for this strategic move.  **[2034400_0001493152-25-017136_ex99-1.htm:0]**

Black Titan (BTTC)