debt
confidence high
sentiment neutral
materiality 0.70
CDT Equity issues $2.13M convertible note to J.J. Astor; 3.47M warrants at $0.25
CDT Equity Inc.
- $2,126,250 senior secured convertible note to J.J. Astor; $1,575,000 funded (net $1,501,850); 24 weekly payments of $88,593.75 to March 1, 2027.
- Warrants to buy 3,468,500 shares at $0.25; conversion at greater of 70% of 20-day VWAP or $0.05 floor price (4.99% ownership cap).
- Note secured by first-priority lien; 80% of ATM proceeds after Sept 15, 2026 prepay this note; Aug 31, 2026 note fully repaid Sept 4.
- Conversion and warrant issuance require stockholder approval; meeting to be held by Oct 31, 2026 if requested by lender.