CDT Equity amends loan terms, delays repayment start to July 10, 2026
The company restructured its convertible note with J.J. Astor & Co. to close the second funding tranche and push back the start of weekly repayments.
CDT Equity Inc. disclosed in an 8-K that on June 30, 2026, the company entered into an Amended and Restated Loan Agreement and an Amended and Restated Senior Secured Convertible Note to close the second tranche of the Loan.1
The original arrangement dated back to a note disclosed on June 11, 2026. CDT Equity Inc. had issued a senior secured convertible promissory note to J.J. Astor & Co. as the lender, in the principal amount of $1,971,000, in connection with a Loan Agreement between the two parties.1 The company is set to receive $1,460,000, before deduction of closing fees, funded in two tranches.1
Under the amended terms, the repayment schedule shifted. The twenty-four equal weekly installment payments of $82,125 will now begin on July 10, 2026, instead of the June 18, 2026 start date the parties had previously agreed upon.1
The company noted that its filing offers only a summary of the terms, and directed readers to the full text of the amended documents, which are attached as exhibits 10.1 and 10.2. The obligation created by the amended agreement is also being reported as a direct financial obligation under Item 2.03 of the filing, with the same details from Item 1.01 applying there as well.
The 8-K was signed by Andrew Regan, Chief Executive Officer of CDT Equity Inc., on July 7, 2026.1
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