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Cloudastructure swaps $108,333 note slice for equity as small-cap debt conversions run at pace

8/10/2026

Against the backdrop of constrained financing options for emerging growth issuers, structured note-for-equity exchanges have become a recurring feature of small-cap capital management.

(Nasdaq: CSAI), a Palo Alto-based emerging growth company, disclosed on August 10, 2026 that it executed an Exchange Agreement on August 6 with Streeterville Capital, LLC, converting a $108,332.50 partitioned promissory note into 22,297 newly issued shares of Class A common stock at no additional cost to the noteholder.

The partition and what it retires The Partitioned Note was carved from a larger existing instrument: the Original Note dated June 30, 2026, carrying an original principal of $1,299,870.00.

Cloudastructure had reported that note in a separate current report on Form 8-K filed July 6, 2026.