Change Agents Corporation. (ALBT) Form 8-K — Aug 18, 2026
Change Agents Corporation issued $616,000 of promissory notes to accredited investors on August 14, 2026, receiving gross proceeds of $550,000 after a $66,000 original issue discount, with C/M Capital Master Fund, LP acting as lead investor. The notes mature May 14, 2027 and carry 7% interest that jumps to 15% during an event of default, are prepayable at 105% of principal, and impose covenants restricting most new debt, merchant cash advances, and variable-rate transactions. Investors also received pre-funded warrants for 1,000,000 shares exercisable at $0.0001 per share as an inducement.
Key figures
- Debt Amount
- 616000
- Interest Rate
- 7% per annum, increasing to 15% during an event of default
- Maturity Date
- 2027-05-14
- Gross Proceeds
- 550000
- Prepayment price
- 105% of original principal amount
- Equipment financing cap
- 100000
- Nasdaq 5635d issuance cap
- 19.99% of shares outstanding pending stockholder approval
- Pre funded warrant shares
- 1000000
- Permitted indebtedness cap
- 250000
- Debt repaid june 2025 notes
- 125000
- Default acceleration amount
- 125% of outstanding amounts (reduced to 100% if listed on a national securities exchange)
- Original issue discount usd
- 66000
- Vanquish note original principal
- 233910
- Warrant exercise price per share
- 0.0001
- Debt repaid vanquish funding group
- 144000
- Warrant beneficial ownership limit
- 4.99% (increasable to 9.99%)
- Debt repaid july 2024 business loan
- 74000
- Lead investor legal fee withholding
- 10000
Price after filing
Close on the filing date to close N calendar days later (from $3.50). Historical, not a forecast.
AI analysis
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