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Recent Updates — CSAI

September 2, 2026View Source ↗

Cloudastructure, Inc.'s Board approved a one-time repricing of certain outstanding stock options to align exercise prices with the company's depressed share value. The repricing applies to approximately 340,513 unexercised options granted under the Amended and Restated 2024 Equity Incentive Plan or the 2024 Stock Option Plan that were outstanding as of May 21, 2026, with exercise prices exceeding the August 26, 2026 fair market value. The new exercise price is set at $4.97 per share, matching the closing Nasdaq price on August 26, 2026. Material terms such as vesting schedules and expiration dates remain unchanged. Named executive officers James McCormick, Greg Smitherman, and Gregory Rayzman had options repriced from original prices of $55.80 or $81.00 down to $4.97. Cloudastructure, Inc. operates in the cloud infrastructure and technology sector.

August 17, 2026View Source ↗

Cloudastructure, Inc. reported financial results for the quarter ended June 30, 2026, showing a 13% year-over-year revenue increase to $1.2 million and a narrowed net loss of approximately $1.7 million. Subscription revenue surged 164% to $764,000, representing 62% of total revenue, while gross profit rose 53% to $610,000 with margins expanding to 49%. The company also announced it regained compliance with Nasdaq's minimum bid price requirement after maintaining a closing price above $1.00 for ten consecutive business days through August 13, 2026. Cloudastructure operates in the technology sector, providing cloud-native AI surveillance and remote guarding solutions.

August 10, 2026View Source ↗

Cloudastructure, Inc. entered into an Exchange Agreement with Streeterville Capital, LLC to partition a $108,332.50 promissory note from a larger $1,299,870 debt instrument dated June 30, 2026. In exchange for surrendering the Partitioned Note, Cloudastructure issued 22,297 shares of Class A common stock to Streeterville. The transaction reduces the outstanding balance of the Original Note by $108,332.50 and is exempt from registration under Section 3(a)(9) of the Securities Act as an exchange with an existing security holder for an outstanding security. Shares are deliverable on or before August 10, 2026. Cloudastructure, Inc. operates in the technology industry, providing cloud infrastructure and management solutions.

August 3, 2026View Source ↗

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.

July 17, 2026View Source ↗

At its annual meeting on July 15, 2026, Cloudastructure, Inc. stockholders approved a proposal to effect a reverse stock split of Class A and Class B common stock at a ratio between 1-for-2 and 1-for-200, with the final ratio and timing to be determined by the Board of Directors. Stockholders also approved an amendment to the 2024 Equity Incentive Plan allowing a one-time repricing of outstanding stock options. A proposal to decrease the total number of authorized shares from 500,000,000 to 83,333,334 was not approved. Jeff Kirby was elected to the Board, and TAAD LLP was ratified as the independent auditor. The company provides cloud infrastructure services.

July 6, 2026View Source ↗

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.