Change Agents Corporation. — Form S-1/A
Filed September 15, 2026 · analyzed by the Registration Agent
S-1/A
▼ Likely negative
significance 78/100
What the filing says
Change Agents Corporation filed Amendment No. 2 to Form S-1 on September 15, 2026, registering 5,360,797 common shares for sale by existing shareholders. The shares include: 5M put shares from Hudson Global Ventures LLC at $2.00/share (via Equity Purchase Agreement amended three times through September 9, 2026); 46,297 warrant shares from Hudson at $0.20/share exercise price; smaller grants to Agile Capital Funding LLC (28K shares total), Vision Capital NY Inc. (15K), Dune Equity Holdings LLC (15K), One-Eyed Jack Enterprises LLC (22.5K); and pre-funded warrant shares issued to C/M Capital Master Fund LP (122.7K), WVP Emerging Manager Onshore Fund LLC (27.3K), Dune Equity Holdings LLC (50K), and FirstFire Global Opportunities Fund LLC (34K) between August 14 and September 8, 2026.
Why this rating
Massive dilution: 5.36M shares represents ~97% of current market cap ($5.5M). Hudson's $10M commitment (5M shares × $2) alone equals 181% of company value. Extreme dilution and financing dependency signal distress.
Price action (we called it negative)
before filing · preread $2.02 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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