secwatch.observer — SEC 8-K summary
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Issuer:     CLOUDASTRUCTURE, INC. (CSAI)
CIK:        0001709628
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001683168-25-001894
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709628/000168316825001894/0001683168-25-001894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709628/000168316825001894/cloudastructure_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001894

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer