CDT Equity raises $6.75M convertible note from J.J. Astor; 225K warrants at $0.9177

CDT Equity Inc.

Issued $6.75M senior secured convertible note to J.J. Astor & Co.; first tranche $3.0M funded (net $2,869,850), second $2.0M subject to conditions by Dec 31, 2026.
Note matures March 24, 2027; 24 weekly installments of $168,750 starting Oct 14, 2026; default interest 24% and 120% default principal.
Warrants for 225,000 shares at $0.9177 exercisable immediately, expire 5 years; conversion price 70% of lowest 20-day VWAP or $0.18354 floor.
80% of ATM proceeds from A.G.P. sales on/after Oct 6, 2026 must first repay note; 100% of resale/financing proceeds also applied.
Stockholder approval required for conversion/warrant shares; meeting no later than Nov 13, 2026; lender conversion capped at 4.99% (may raise to 19.99%).

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