Loan & DebtJul 7, 2026, 05:27 PM
CDT Equity Amends Loan Agreement, Adjusts Payment Schedule
AI Summary
CDT Equity Inc. has amended its loan agreement and senior secured convertible note with J.J. Astor & Co. The amendment, dated June 30, 2026, facilitates the closing of the second tranche of a $1,460,000 loan. As a result, the commencement date for the twenty-four weekly installment payments of $82,125 has been shifted from June 18, 2026, to July 10, 2026.
Key Highlights
- CDT Equity Inc. entered into an Amended and Restated Loan Agreement and Senior Secured Convertible Note.
- The original principal amount of the note is $1,971,000.
- The company will receive $1,460,000 in loan funds, before deduction of closing fees.
- Weekly installment payments of $82,125 will commence on July 10, 2026.
- Payments were previously agreed to start on June 18, 2026, indicating a delay.
- The loan is from J.J. Astor & Co. and is senior secured convertible.
Price Impact
More from CDT