CDT Equity Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 92/100
What the filing says
CDT Equity Inc. missed three weekly installment payments ($82,125 each, totaling ~$246K) and failed to file a registration statement by July 26, 2026. Lender J.J. Astor Co. restructured the $1.97M convertible note (originally issued June 11, 2026) via Second Amendment (July 31, 2026) by: increasing principal by $377,775 Restructuring Premium to $2.27M; rescheduling 23 payments of $104,188 weekly from August 19, 2026 to January 20, 2027; raising ATM Waterfall Distribution from 80% to 90% to lender; and charging 19% Amendment Rate. Third Amendment (August 3, 2026) added $200K additional advance (factor 1.35x = $270K added principal), extending maturity to February 10, 2027, with 26 total payments. Lender reserved all default rights and imposed multiple mandatory covenants (Nasdaq listing, ATM maintenance, registration filing, share reservations).
Why this rating
Debt restructuring after payment default is business-threatening for $55K company. $2.54M principal, 19–24% rates, 90% ATM waterfall, and aggressive default triggers represent existential refinancing crisis relative to tiny market cap.
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