secwatch.observer — SEC 8-K summary
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Issuer:     CLOUDASTRUCTURE, INC. (CSAI)
CIK:        0001709628
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001683168-25-009246
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709628/000168316825009246/0001683168-25-009246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709628/000168316825009246/cloudastructure_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-009246

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