Canton Strategic Holdings, Inc. (CNTN) Form 8-K — Jul 23, 2026
Canton Strategic Holdings, Inc. has completed the sale of its wholly-owned subsidiary, Gravitas Life Sciences, LLC, to Gravitas Collective Corp., an entity affiliated with former directors of the Company. The transaction closed on July 17, 2026, with consideration consisting of a $3.5 million unsecured promissory note bearing 15% interest, maturing in 2029, along with potential future milestone payments. In connection with the sale, the company retained certain assets related to bispecific antibodies development through its subsidiary Tharimmune SPV1.
Key figures
- Debt Amount
- 3500000
- Total Assets
- 586523091
- Cash Position
- 40001283
- Interest Rate
- 15%
- Maturity Date
- 2029-07-17
- Digital Assets
- 541569363
- Note Receivable
- 3500000
- Pro Forma Asset Change
- 1868478
Price after filing
Close on the filing date to close N calendar days later (from $2.16). Historical, not a forecast.
AI analysis
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