STOCK TITAN

Change Agents issues $250K note, owes $325K Jan. 1, 2027

The note permits a December 1, 2026 prepayment for $312,000 and requires a $325,000 repayment on January 1, 2027.

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Form Type
8-K

Rhea-AI Filing Summary

Change Agents Corporation (CHGA) issued a $250,000 promissory note to Harllon Holdings LLC on November 4, 2026. The note has a $75,000 original issue discount and requires repayment of $325,000 on January 1, 2027; the company may prepay it on December 1, 2026, for $312,000.

The company agreed to issue 150,000 common shares to certain consultants for services rendered, with no proceeds received. The issuances rely on the exemption from registration under Section 4(a)(2) of the Securities Act.

Chief Strategy Officer Luisa Ingargiola was appointed principal executive officer until the company appoints a new Chief Executive Officer. She will receive no additional compensation for the role. She has served as Chief Strategy Officer since June 3, 2026, and served as Chief Financial Officer from February 21, 2017, through June 3, 2026.

Filing Explained

The company had $39,221 in cash at June 30, 2026, equal to 5.1 days of second-quarter operating cash use; its newly issued note has a $250,000 face amount, exceeding that cash balance.

Sources and calculations
  • Available liquidity against the last reported quarterly operating outflow, in days at that rate $39,221 / ($695,676 / 91) = 5.1 days
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Promissory note amount $250,000 Issued November 4, 2026
Original issue discount $75,000 Promissory note issued November 4, 2026
Required repayment $325,000 Due January 1, 2027
Prepayment amount $312,000 Available December 1, 2026
Common shares for consultant services 150,000 shares Agreed to issue November 4, 2026
promissory note financial
"issued a promissory note to Harllon Holdings LLC"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
original issue discount financial
"with an original issue discount of $75,000"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
Section 4(a)(2) regulatory
"exemption from registration provided under Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are CHGA's repayment terms for the Harllon Holdings note?

CHGA must repay the $325,000 note on January 1, 2027, or may prepay it on December 1, 2026, for $312,000. The note was issued to Harllon Holdings LLC for $250,000 and has a $75,000 original issue discount.

Who was appointed CHGA's principal executive officer?

Chief Strategy Officer Luisa Ingargiola was appointed principal executive officer on November 4, 2026, until the company appoints a new Chief Executive Officer. She will receive no additional compensation for the role.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) November 4, 2026

 

Change Agents Corporation

(Exact name of registrant as specified in its charter)

 

Delaware   001-38728   47-1685128
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I. R. S. Employer
Identification No.)

 

4400 Route 9 South, Suite 3100

Freehold, NJ 07728

(Address of principal executive offices, including ZIP code)

 

(732) 780-4400

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock, $0.0001 par value   CHGA   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 


Item 1.01 Entry into a Material Definitive Agreement.

 

On November 4, 2026, the Company issued a promissory note to Harllon Holdings LLC (the “Note”) in the amount of $250,000 with an original issue discount of $75,000. The Company is required to repay the Note on January 1, 2027 in the amount of $325,000. The Company may prepay the Note on December 1, 2026 for $312,000.

 

The foregoing description of the Note does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Note a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth under Item 1.01 of this Current Report on Form 8-K relating to the Note is incorporated by reference into this Item 2.03.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

On November 4, 2026, the Company agreed to issue 150,000 shares of its common stock to certain consultants under consulting agreements in consideration of services rendered. Not proceeds were received. The issuances are being made in reliance on the exemption from registration provided under Section 4(a)(2) of the Securities Act of 1933, as amended.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers.

 

Appointment of Principal Executive Officer

 

On November 4, 2026, Luisa Ingargiola, Chief Strategy Officer of the Company, was appointed as principal executive officer of the Company, to serve in such role until such time as the Company appoints a new Chief Executive Officer. The biography for Ms. Ingargiola is set forth below. Ms. Ingargiola will not receive any additional compensation for service as principal executive officer.

 

There is no arrangement or understanding between Ms. Ingargiola and any other person, other than the Company’s directors or officers acting solely in their capacity as such, pursuant to which she was selected as an officer of the Company. Ms. Ingargiola is not related by blood, marriage or adoption to any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. The Company is not aware of any transaction, or currently proposed transaction, in which the Company was or is to be a participant and in which Ms. Ingargiola or any member of her immediate family, had or will have a direct or indirect material interest that would be required to be reported under Item 404(a) of Regulation S-K. There are no current or proposed related party transactions between Ms. Ingargiola on the one hand, and the Company, on the other, or any transactions involving a member of either of their immediate families, that would require disclosure under Item 404(a) of Regulation S-K.

 

-1-

 

 

Luisa Ingargiola, Chief Strategy Officer. Luisa Ingargiola has served as our Chief Strategy Officer since June 3, 2026, Ms. Ingargiola served as the Company’s Chief Financial Officer from February 21, 2017 through June 3, 2026.. Ms. Ingargiola has significant experience serving as Chief Financial Officer or Audit Chair for multiple Nasdaq and New York Stock Exchange companies. She currently serves as Director and Audit Chair for several public companies, including Fusion Fuels (NASDAQ:HTOO), Dragonfly Energy (DFLI) and Vision Marine (VMAR), among others. She also sits on the Board of several Special Purpose Acquisition Corporations. From 2007 through 2016, Ms. Ingargiola served as the Chief Financial Officer and then a member of the board of directors at MagneGas Corporation (Nasdaq: MNGA). Prior to 2007, Ms. Ingargiola held various roles as Budget Director and Investment Analyst in several private companies. Ms. Ingargiola graduated in 1989 from Boston University with a Bachelor’s degree in Business Administration and a concentration in Finance. In 1996, she received her MBA in Health Administration from the University of South Florida. Ms. Ingargiola is qualified to serve as a Chief Financial Officer because of her extensive knowledge corporate governance, regulatory requirements, executive leadership and knowledge of, and experience in, financing and M&A transactions.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.

 

Exhibit No.   Description of Exhibit
4.1   Note dated November 4, 2026
104#   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

-2-

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: November 5, 2026 Change Agents Corporation
   
  /s/ Sam Knipper
  Sam Knipper
  Chief Financial Officer

 

 

-3-

 

Filing Exhibits & Attachments

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