secwatch.observer — SEC 8-K summary
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Issuer:     CaliberCos Inc. (CWD)
CIK:        0001627282
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001627282-24-000136
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CaliberCos creates Series A Convertible Preferred Stock with 12% dividend and mandatory conversion triggers
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- 750,000 shares authorized at $20 stated value; 12% annual non-cumulative dividend payable in cash or common stock.
- Optional conversion in four tranches at conversion prices from $0.5114 to $1.2785 per share.
- Mandatory conversion triggers when common stock price is 200% above each tranche's conversion price for 20 of 30 trading days.
- Series A Preferred ranks senior to Class A and Class B common stock; no voting rights except as required by law.
- Company may redeem at 120% of stated value plus accrued dividends, subject to 30-day holder conversion right.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627282/000162728224000136/0001627282-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627282/000162728224000136/cwd-20241126.htm
  HTML page:      https://secwatch.observer/filing/0001627282-24-000136

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