M&A
confidence high
sentiment neutral
materiality 0.65
CDT Equity amends Sarborg purchase terms, issues warrants to J.J. Astor
CDT Equity Inc.
- Amendment to Sarborg agreement: $1.75M of $8M consideration to be paid in common stock; 650,000 shares issued Aug 31, 2026.
- Remaining $5.5M cash consideration to be paid from ATM proceeds, min $150k/month, due by May 31, 2027.
- Company to pay Sarborg audit costs for FY2024, FY2025, pro-forma 2026, credited against cash consideration.
- Issued senior secured convertible note to J.J. Astor & Co. for $541,620 principal, funded $401,200; note repaid in full on Sept 4, 2026.
- Issued warrants to purchase 237,000 shares at $1.69, exercisable immediately, expire in 5 years.