Financing ·
CDT Equity Inc. entered into amendments to its senior secured convertible promissory note with J.J. Astor & Co.…
CDTTWCDT Equity Inc.
CDT Equity Inc. entered into amendments to its senior secured convertible promissory note with J.J. Astor & Co., increasing the principal balance from $1,971,000 to $2,536,650 through a second amendment on July 31, 2026, and a third advance of $200,000 on August 3, 2026. The amended note carries a 19% interest rate and requires repayment over twenty-three weekly installments of $104,187.65 starting August 19, 2026. To service this debt, the company increased the net proceeds share from its sales agreement with A.G.P./Alliance Global Partners to ninety percent. The lender received warrants for 37,500 shares at $7.20 per share and retains conversion rights into common stock at a price based on seventy percent of the lowest VWAP over twenty trading days. The company must file a resale registration statement by August 31, 2026, with effectiveness by September 11, 2026, and obtain shareholder approval for equity issuances by August 28, 2026. CDT Equity Inc. operates in the financial services industry, focusing on investment management and capital markets activities.