other_material
confidence high
sentiment negative
materiality 0.65
CaliberCos converts $3.45M debt into common and Series AAA preferred; amends Series A to rank pari passu
CaliberCos Inc.
- Converted $1,921,771 of Notes into 1,707,900 shares of Class A common stock as of April 9, 2026.
- Converted $1,528,500 of Notes into 1,529 shares of newly created Series AAA Convertible Preferred Stock.
- Series AAA Preferred: $1,000 stated value, 12% annual non-cumulative dividend payable quarterly, convertible at $2.50/$3.50/$4.50 tranches.
- Series A Preferred ranking amended to pari passu with Series AAA; conversion provisions restated to match.
- Shares issued in unregistered offering under Section 4(a)(2) and Regulation D; restricted securities.