Financing ·
CDT Equity Inc. issues $6.75M senior secured convertible note to J.J. Astor & Co
CDTCDT Equity Inc.
CDT Equity Inc. issued a senior secured convertible promissory note with a principal amount of $6,750,000 to lender J.J. Astor & Co., receiving net proceeds of $2,869,850 from the first tranche. The note matures on March 24, 2027, and is repaid via weekly installments. The company also issued warrants for 225,000 shares at an exercise price of $0.9177 per share. Proceeds from future equity offerings are pledged to repay the debt. CDT Equity Inc. operates in the investment and financial services sector.