Cloudastructure issues $3.5M Series 2 convertible preferred to Streeterville Capital

CLOUDASTRUCTURE, INC.

Issued 3,500 shares of Series 2 Convertible Preferred Stock to Streeterville Capital for $3.5M gross proceeds on Dec 15, 2025.
Streeterville waived certain purchase conditions; its reinvestment right is fully exercised and terminated.
Conversion price on Tranche 3 shares locked at minimum $0.75 for 20 days after VWAP drops below $0.75 (Cooling Off Period).
After Cooling Off Period, if conversion price below $0.75, Company may pay Conversion Amount in cash or shares within 3 business days.
Shares sold under Regulation D exemption; beneficial ownership caps at 4.99% (alone) and 9.99% (with affiliates).

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CLOUDASTRUCTURE, INC. issued 3,500 shares of Series 2 Stock of preferred stock to Streeterville Capital, LLC for gross proceeds of $3,500,000.

Security: preferred stock
Shares: 3,500 shares of Series 2 Stock
Purchaser: Streeterville Capital, LLC
Consideration: gross proceeds of $3,500,000

Exact text from the filing

The Company issued the Tranche 3 Shares to Streeterville on December 15, 2025, and received gross proceeds of $3,500,000.

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Source: SEC EDGAR

accession 0001683168-25-009246

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