Cloudastructure waives Trigger Event condition for preferred stock conversion price adjustment

CLOUDASTRUCTURE, INC.

Company waives requirement that a Trigger Event occur before Conversion Price adjusts to lower of Fixed Conversion Price and Market Price.
Investor waives increase in Stated Value upon occurrence of a Trigger Event for the Series 1 Stock.
Waiver Agreement dated April 1, 2025 amends terms of Series 1 Convertible Preferred Stock issued under November 2024 SPA.
Certificate of Designations remains in full force except as modified by this agreement.
Streeterville Capital, LLC is the investor; James McCormick is CEO of Cloudastructure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.