other material
confidence high
sentiment negative
materiality 0.60
Cloudastructure raises additional $3M via Series 2 Preferred with conversion floor of $1.00
CLOUDASTRUCTURE, INC.
- Issued 3,000 Series 2 Preferred shares to Streeterville for $3M on April 11, 2025; conditions precedent waived.
- Conversion price on new shares cannot fall below $1.00 until 30 days after a Trigger Event (VWAP < $1.00 for 5+ days in 15).
- Atlas Sciences waived registration obligations for its $50M equity line until 60 days after Series 2 registration effective.
- $1M of the $3M issuance reduces Streeterville's Reinvestment Right; total $40M commitment remains available.