---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-001986"
form_type: "8-K"
ticker: null
cik: "0001854583"
company_name: "Collective Audience, Inc."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:19:43.008320+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Collective Audience loses control to Abri after debt-for-equity conversions, Abri now owns 92.38% of common stock

## Summary
- Abri converted $648k debt into 102M shares on Feb 11, gaining 83.85% control; further conversions raised stake to 92.38%.
- Additional exchanges: $1M debt for 39.35M common shares; $2.63M debt for 21,033 Series A Preferred; CEO Bordes exchanged $300k for 7,978 Series A Preferred.
- Series A Preferred created with 18% cumulative dividends, 10 votes/share, 10x liquidation preference, and veto over major corporate actions.
- Abri now owns 92.38% of common stock; company must seek Abri consent for borrowing over $50k, mergers, stock issuance, and more.

## SEC filing metadata
- accession: 0001683168-25-001986
- form_type: 8-K
- cik: 0001854583
- company_name: Collective Audience, Inc.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854583/000168316825001986/0001683168-25-001986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854583/000168316825001986/collective_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-001986
- JSON: https://secwatch.observer/filing/0001683168-25-001986.json
- Plain text: https://secwatch.observer/filing/0001683168-25-001986.txt

## Key facts
- M&A Transactions
  Collective Audience, Inc. underwent a change of control involving Abri Ventures I, LLC (closed 2025-02-11).
  - Action: change of control
  - Counterparty: Abri Ventures I, LLC
  - Closing: 2025-02-11
  source text: immediately after the issuance of the Conversion 1 Shares, Abri owned 83.85% of the Company’s outstanding Common Stock, resulting in a change in control of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854583/000168316825001986/0001683168-25-001986-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.