CDT Equity amends note twice, raising debt to $2,536,650 and interest to 19%

CDT Equity Inc. disclosed a series of amendments to its senior secured convertible note held by J.J. Astor & Co. in an 8-K reporting events through August 3, 2026.

The company had originally issued the note on June 11, 2026 for a principal amount of $1,971,000, and on June 30, 2026 entered into an amended and restated version of the loan agreement and note to close a second tranche of the loan.¹

On July 31, 2026, the parties signed a second amendment. Under its terms, the principal owed climbed to $2,266,650, with the note's interest rate set at 19%.¹ Repayment terms changed as well: the note is now due in twenty-three equal weekly installments of $104,187.65, with the first payment scheduled for August 19, 2026.¹

To help fund those payments, the company agreed to raise the share of proceeds directed to the lender from its existing sales agreement with A.G.P./Alliance Global Partners, from 80% to 90%.¹ The amendment also changed the conversion pricing formula, and pushed back the deadline for filing a resale registration statement to August 31, 2026 (effective by September 11, 2026), while moving up the date for required shareholder approval to August 28, 2026.¹

Days later, on August 3, 2026, a third amendment added new funds. The lender provided an additional $200,000 to the company, subject to fees, which brought the total outstanding principal on the note up to $2,536,650.¹ As part of that deal, the company also issued warrants to the lender covering up to 37,500 shares of common stock at a $7.20 strike price.¹