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Recent Updates — CSAI

July 17, 2026View Source ↗

At its annual meeting on July 15, 2026, Cloudastructure, Inc. stockholders approved a proposal to effect a reverse stock split of Class A and Class B common stock at a ratio between 1-for-2 and 1-for-200, with the final ratio and timing to be determined by the Board of Directors. Stockholders also approved an amendment to the 2024 Equity Incentive Plan allowing a one-time repricing of outstanding stock options. A proposal to decrease the total number of authorized shares from 500,000,000 to 83,333,334 was not approved. Jeff Kirby was elected to the Board, and TAAD LLP was ratified as the independent auditor. The company provides cloud infrastructure services.

July 6, 2026View Source ↗

On June 30, 2026, Cloudastructure, Inc. entered into an Exchange Agreement with Streeterville Capital, LLC, issuing an unsecured Promissory Note with a principal amount of $1,299,870 in exchange for 1,170 shares of Series 2 Convertible Preferred Stock. The note matures on July 30, 2027, carries a 9.5% annual interest rate compounded daily, and allows Streeterville to redeem up to $108,332.50 per month starting July 30, 2026. Additionally, on June 29, 2026, the company filed an Amended and Restated Certificate of Designations for Series 2 Convertible Preferred Stock to ensure equity classification under GAAP, setting a fixed conversion price of $0.40 per share and removing the Deemed Liquidation Event and holder-initiated forced redemption rights. The company provides cloud infrastructure services.