debt
confidence high
sentiment neutral
materiality 0.50
CDT Equity amends loan agreement, closes second tranche of $1.46M convertible note
CDT Equity Inc.
- Amended Loan Agreement and Note executed June 30, 2026; second tranche of $1.46M loan funded.
- Weekly installment payments of $82,125 commence July 10, 2026 (previously June 18).
- Note principal $1.97M, convertible into common stock at lender's option, subject to 4.99% beneficial ownership cap.
- Default triggers 120% principal acceleration and 19% annual interest.
- Note matures December 18, 2026; mandatory prepayment from equity or extraordinary receipts.