Financing ·
On June 30, 2026, Cloudastructure, Inc. entered into an Exchange Agreement with Streeterville Capital, LLC, issuing an…
CSAICloudastructure, Inc.
On June 30, 2026, Cloudastructure, Inc. entered into an Exchange Agreement with Streeterville Capital, LLC, issuing an unsecured Promissory Note with a principal amount of $1,299,870 in exchange for 1,170 shares of Series 2 Convertible Preferred Stock. The note matures on July 30, 2027, carries a 9.5% annual interest rate compounded daily, and allows Streeterville to redeem up to $108,332.50 per month starting July 30, 2026. Additionally, on June 29, 2026, the company filed an Amended and Restated Certificate of Designations for Series 2 Convertible Preferred Stock to ensure equity classification under GAAP, setting a fixed conversion price of $0.40 per share and removing the Deemed Liquidation Event and holder-initiated forced redemption rights. The company provides cloud infrastructure services.