CDT Equity amends J.J. Astor loan, raises convertible note principal to $2.54 million

Reuters2026/08/06 22:04

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CDT Equity amended its senior secured convertible promissory note with J.J. Astor, lifting outstanding principal to $2.54 million.
The note now carries 19% interest. Repayment shifts to 23 weekly installments of $104,188 starting Aug. 19, 2026.
Net proceeds to the lender from the A.G.P. sales agreement increased to 90% to fund the weekly payments.
Conversion terms reset to the greater of 70% of the lowest 20-day VWAP or the Nasdaq floor price, subject to shareholder approval.
CDT Equity issued warrants for 37,500 shares at $7.2. The floor price resets every six months starting Dec. 11, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDT Equity Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-036361), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CDT Equity amends J.J. Astor loan, raises convertible note principal to $2.54 million

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