Cloudastructure secures $4.5M initial close of up to $40M Series 2 Preferred from Streeterville

CLOUDASTRUCTURE, INC.

Issued 4,500 Series 2 Preferred shares at $1,000/sh for $4.5M; up to $40M total commitment.
Series 2 Preferred carries 9.5% annual return, convertible at $10/sh before trigger events.
Conversion price adjusts to lower of $10 or 88% of VWAP after trigger events or default.
Stockholder approval required within 180 days; proceeds for working capital and growth.
Maxim Group acted as exclusive placement agent with 7% cash fee on each closing.

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