Financing ·
Change Agents issues $280,000 OID notes to repay debt and fund working capital
ALBTChange Agents Corporation.
Change Agents Corporation issued $280,000 in aggregate principal amount of Original Issue Discount Notes to accredited investors for net proceeds of $250,000. The notes mature on April 8, 2027, accrue interest at 7% per annum (increasing to 15% upon default), and include a most-favored-nations provision. Proceeds were used to repay portions of existing debt owed to Vanquish Funding Group Inc. and June 2025 note holders, with the remainder allocated to working capital. The company also issued pre-funded warrants for 1,000,000 shares as an inducement for this financing. Additionally, Change Agents amended its Equity Purchase Agreement with Hudson Global Ventures, reducing the share purchase price to $2.00 and adjusting put amounts based on stock price thresholds up to a $500,000 cap. The company further issued pre-funded warrants to Dune Equity Holdings and FirstFire Opportunities Fund as consideration for waivers of provisions in their outstanding notes. Change Agents Corporation operates in the business consulting industry.