Caliber launches note conversion program; first $1.9M tranche eliminates $211K annual interest

CaliberCos Inc.

Program allows voluntary conversion of unsecured notes into Class A common stock; each tranche capped at $3M.
First tranche converted $1,897,505 principal into 561,747 shares at avg $3.43/sh; avg interest rate 11.1%.
Conversion eliminates ~$211,090 annual interest expense; strengthens balance sheet and reduces leverage.
Management may open additional rounds until all noteholders have participated.
CEO cites increased financial flexibility as Caliber targets profitability in 2026.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CaliberCos Inc. issued 561,747 shares of Common Stock of common stock to Note Holders for aggregate principal amount of $1,897,504.55.

Security: common stock
Shares: 561,747 shares of Common Stock
Purchaser: Note Holders
Consideration: aggregate principal amount of $1,897,504.55

Exact text from the filing

the applicable Note Holders converted and canceled all or part of the applicable Note Holders’ Notes at conversion prices ranging from $3.14 to $3.72. The applicable Notes in the aggregate principal amount of $1,897,504.55 converted into an aggregate of 561,747 shares of Common Stock

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32 equity issuances filed in the last 30 days. Browse all equity issuances →

CaliberCos Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-105047

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