
Loan & DebtMay 15, 2026, 04:09 PM
CDT Equity Amends Equity Line & Convertible Note Terms
AI Summary
CDT Equity Inc. has entered into two amendments to its existing financing agreements. Amendment No. 2 to the directed stock purchase agreement (equity line of credit) sets the gross purchase price for regular purchases at $510,000 without the purchaser's consent and extends the adjustment period. Additionally, an amendment to the Senior Secured Convertible Promissory Note allows the company to retain 90% of proceeds from future debt or equity financings, with the remaining 10% allocated to note repayment. Both amendments are temporary, effective only until May 31, 2026.
Key Highlights
- Amendment No. 2 sets the gross purchase price for regular ELOC purchases at $510,000 without purchaser consent.
- The Adjustment Period for the ELOC is extended until the Purchaser sells all purchased shares.
- The Note Amendment allows CDT Equity to retain 90% of proceeds from any future debt or equity financing.
- 10% of future financing proceeds must be applied towards the repayment of the Senior Secured Convertible Promissory Note.
- Both amendments are effective through May 31, 2026.
Price Impact
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