Dividends & Buybacks ·
Cloudastructure, Inc. filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation…
CSAICloudastructure, Inc.
Cloudastructure, Inc. filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of its Class A and Class B common stock at a ratio of 1-for-30. The amendment also proportionately reduced the authorized capital from 500 million shares to approximately 16.7 million shares, consisting of roughly 8.3 million Class A shares, 3.3 million Class B shares, and 5 million preferred shares. Concurrently, the company filed a Series 2 Amendment to add a standard antidilution provision to its Series 2 Convertible Preferred Stock. The reverse stock split became effective at 12:01 a.m. Eastern Time on July 31, 2026, and is intended to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing. Cloudastructure operates in the technology industry, providing AI-powered video surveillance, remote monitoring, and cloud-based security analytics.