debt
confidence high
sentiment neutral
materiality 0.20
Cloudastructure swaps $63,332.50 of Streeterville note for 18,246 Class A shares at ~$3.47
CLOUDASTRUCTURE, INC.
- Partitioned Note of $63,332.50 carved out of the June 30, 2026 promissory note with original principal $1,299,870; outstanding balance of the Original Note reduced by that amount.
- 18,246 Class A common shares issued to Streeterville Capital, LLC under Section 3(a)(9); no additional consideration paid by Streeterville.
- Implied exchange price of roughly $3.47 per share ($63,332.50 / 18,246 shares).
- Exchange Shares to be delivered via DWAC on or before September 30, 2026; Partitioned Note cancelled on the Free Trading Date and obligations deemed fulfilled.
- Rule 144 tacking applies Streeterville's holding period from the Original Note's April 14, 2025 issuance date; exchange is not a novation, and the Original Note stays in force under Utah law.