Recent Updates — CWD
CaliberCos Inc. completed a note exchange program addressing approximately $12.5 million of corporate promissory notes, representing about 54% of the $21.1 million maturing within twelve months. The company refinanced $3.4 million by exchanging it for new five-year subordinated amortizing notes bearing 6% interest, replacing an approximate 11.5% weighted average rate. Additionally, $0.6 million in notes were converted into Series AAA Convertible Preferred Stock carrying a 12% non-cumulative dividend payable quarterly at the company's option in cash or shares. The remaining $9.1 million was placed under payoff options granting Caliber the right to retire these notes for 80% of principal ($7.3 million) within six months, contingent on funding from asset realizations or other sources. This restructuring aims to align debt maturities with long-dated underlying assets and reduce annual interest expense by approximately $1.3 million if all options are exercised. CaliberCos Inc. is a real estate-focused alternative asset manager specializing in middle-market hospitality and multifamily properties.
On August 27, 2026, CaliberCos Inc. announced the formation of Caliber Tokenization Services, LLC (CTS), a new division providing real-world asset tokenization services to family offices owning at least $50 million in real estate portfolios. The launch follows the successful tokenization of PURE Pickleball & Padel and aims to simplify ownership records, estate planning, and liquidity access for clients through proprietary smart contracts. CTS will operate with limited capacity through year-end 2026, targeting a fee-based revenue stream without revising the company's existing 2026 revenue projections. CaliberCos Inc. is a real estate-focused alternative asset manager specializing in middle-market hospitality and multifamily properties.
CaliberCos Inc. received a notice from Nasdaq on August 21, 2026, indicating non-compliance with the Minimum Bid Price Requirement due to its Class A common stock closing below $1.00 for 33 consecutive business days. The company has been granted a 180-calendar day grace period through February 17, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Failure to comply may result in delisting and trading on the OTC Markets Group. CaliberCos Inc. operates in the cannabis industry.
On August 13, 2026, CaliberCos Inc. announced the launch of its PURE Pickleball & Padel investment offering as the first real estate asset tokenized on its platform. This initiative represents the initial step in a broader tokenization program targeting approximately $100 million of managed assets. The offering allows investors to hold digital ownership certificates via blockchain technology, aiming to improve transparency and liquidity for private real estate investments. CaliberCos Inc. is a real estate-focused alternative asset manager specializing in middle-market hospitality and multifamily properties.
CaliberCos Inc. reported second quarter 2026 financial results on August 13, 2026. Platform revenue decreased to $3.7 million from $4.1 million in the prior year period, driven by a decline in development and construction fees. The company achieved positive Platform Adjusted EBITDA of $0.3 million, compared to a loss of $0.1 million previously. Consolidated net loss attributable to Caliber was $3.4 million, or $0.38 per diluted share, versus a $5.3 million loss in the prior year. The company reaffirmed its 2026 guidance for total revenue between $18.0 million and $22.0 million and positive Adjusted EBITDA. Additionally, Caliber completed the tokenization of its first real estate project, the Pure Pickleball & Padel development in Scottsdale, Arizona. CaliberCos Inc. operates as a real estate-focused alternative asset manager.