secwatch.observer — SEC 8-K summary
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Issuer:     CLOUDASTRUCTURE, INC. (CSAI)
CIK:        0001709628
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001683168-25-002165
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudastructure waives Trigger Event condition for preferred stock conversion price adjustment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709628/000168316825002165/0001683168-25-002165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709628/000168316825002165/cloudastructure_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002165

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