Cloudastructure issues USD 1.3 million promissory note to Streeterville Capital in exchange deal

Cloudastructure

Cloudastructure

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  • Cloudastructure entered an exchange financing with Streeterville Capital on June 30, 2026, issuing a USD 1.3 million Promissory Note.
  • The Exchange Note was issued in exchange for 1,170 shares of Series 2 Convertible Preferred Stock, which were surrendered and cancelled.
  • The note matures July 30, 2027; it carries 9.5% annual interest, compounded daily; it is unsecured.
  • Streeterville can redeem up to USD 108,333 per month starting July 30, 2026, subject to accrued interest.
  • Trigger events can add a one-time 10% to the balance; uncured defaults can accelerate the note, raising interest to 15%.


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. Cloudastructure 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: 0001683168-26-005311), on July 06, 2026, and is solely responsible for the information contained therein.