STOCK TITAN

Cloudastructure (CSAI) converts $108K of Streeterville debt into 22,297 shares

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cloudastructure, Inc. entered into an Exchange Agreement with Streeterville Capital, LLC on August 6, 2026. The company partitioned a new promissory note in the original principal amount of $108,332.50 (the “Partitioned Note”) from an existing promissory note dated June 30, 2026 with an original principal amount of $1,299,870.00. The outstanding balance of the original note was reduced by $108,332.50, and the Partitioned Note will be exchanged for 22,297 shares of Class A common stock. Streeterville will receive these shares on or before August 10, 2026, after which, on the defined Free Trading Date, the Partitioned Note will be cancelled and the company’s obligations under it will be deemed fulfilled. No additional cash consideration was paid by Streeterville, and the share issuance relies on the Section 3(a)(9) exemption under the Securities Act.

Positive

  • None.

Negative

  • None.

Filing Explained

The agreed share issuance would dilute existing holders, while the June 30 note remains outstanding for its unpartitioned balance.

The agreed exchange would add 22,297 Class A shares to the share count, reducing existing holders’ percentage ownership absent offsetting changes; the filing states delivery was due by August 10, 2026 but does not provide a completion statement.

The filing also says the Original Note remains in full force for its remaining balance, so the exchange addresses only the partitioned portion; the Partitioned Note is to be cancelled on the defined Free Trading Date.

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 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Original Note Principal $1,299,870.00 Original principal amount of Streeterville promissory note dated June 30, 2026
Partitioned Note Principal $108,332.50 Principal amount partitioned from the Original Note and exchanged for shares
Exchange Shares Issued 22,297 shares Class A common stock issued to Streeterville in exchange for the Partitioned Note
Exchange Agreement Date August 6, 2026 Date Cloudastructure and Streeterville entered into the Exchange Agreement
Share Delivery Deadline August 10, 2026 Date on or before which Exchange Shares are to be delivered to Streeterville
Exchange Agreement financial
"Cloudastructure, Inc. entered into an Exchange Agreement with Streeterville Capital, LLC"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
Partitioned Note financial
"agreed to partition a new promissory note (the “Partitioned Note”) in the original principal amount"
Free Trading Date financial
"On the Free Trading Date (as defined in the Exchange Agreement), the Partitioned Note will be cancelled"
Section 3(a)(9) regulatory
"The exchange was effected in reliance upon the exemption from registration provided by Section 3(a)(9)"
Section 3(a)(9) is a provision of U.S. securities law that exempts certain exchanges of an issuer’s own securities with its existing holders from the usual public registration rules, typically when the swap doesn’t involve a public offering or outside buyers. For investors, it matters because such exchanges can change who holds what, affect dilution and liquidity, and may occur with less public disclosure than a registered sale — think of it like swapping old coupons for new ones behind the scenes rather than selling them in a public marketplace.
Emerging Growth Company regulatory
"Securities Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What did Cloudastructure (CSAI) disclose about its debt with Streeterville Capital?

Cloudastructure and Streeterville Capital agreed to partition $108,332.50 from a $1,299,870.00 promissory note into a new Partitioned Note, which will be exchanged for 22,297 Class A common shares, reducing the original note’s outstanding balance by that amount.

How many shares is Cloudastructure (CSAI) issuing in this exchange?

Cloudastructure agreed to issue 22,297 shares of its Class A common stock to Streeterville Capital. These shares are being issued in exchange for the Partitioned Note with a principal amount of $108,332.50, with delivery expected on or before August 10, 2026.

What is the size of the original Streeterville note mentioned by Cloudastructure (CSAI)?

The original promissory note issued to Streeterville Capital had an original principal amount of $1,299,870.00. From this, a Partitioned Note of $108,332.50 was carved out and will be exchanged for 22,297 Class A common shares, reducing the original note’s balance accordingly.

What happens to Cloudastructure’s Partitioned Note after the share exchange?

On the Free Trading Date defined in the Exchange Agreement, the Partitioned Note will be cancelled. At that point, all obligations of Cloudastructure under the Partitioned Note will be deemed fulfilled, with Streeterville holding the 22,297 exchanged Class A common shares instead of the note.

Was the Cloudastructure (CSAI) share issuance to Streeterville registered with the SEC?

The share issuance was not registered; it relied on the Section 3(a)(9) exemption under the Securities Act. The Exchange Shares were issued in exchange for an outstanding company security to an existing security holder, with no commission or remuneration paid for soliciting the exchange.

Did Streeterville Capital pay additional cash to Cloudastructure (CSAI) in this transaction?

Streeterville did not pay additional cash consideration in this transaction. The 22,297 Class A common shares were issued solely in exchange for the $108,332.50 Partitioned Note, with no commission or other remuneration paid for soliciting the exchange.
false 0001709628 0001709628 2026-08-06 2026-08-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

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): August 6, 2026

___________________________

 

CLOUDASTRUCTURE, INC.

(Exact name of registrant as specified in its charter)

___________________________

 

Delaware 001-42494 87-0690564

(State or other jurisdiction of

incorporation or organization)

(Commission File Number) (I.R.S. Employer Identification No.)
     
3000 El Camino Real, Bldg 4, Ste 200    
Palo Alto, California   94306
(Address of principal executive offices)   (Zip Code)

 

(650) 644-4160

Registrant’s telephone number, including area code:

 

Not Applicable

(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 (see General Instruction A.2. below):

 

     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 Class   Trading Symbol   Name of Exchange On Which Registered
Class A Common Stock   CSAI   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 August 6, 2026, Cloudastructure, Inc. (the “Company”) entered into an Exchange Agreement (the “Exchange Agreement”) with Streeterville Capital, LLC (“Streeterville”), pursuant to which the Company and Streeterville agreed to partition a new promissory note (the “Partitioned Note”) in the original principal amount of $108,332.50 from that certain Promissory Note dated June 30, 2026, in the original principal amount of $1,299,870.00 (the “Original Note”), and to exchange the Partitioned Note for 22,297 shares of the Company’s Class A common stock, par value $0.0001 per share (the “Exchange Shares”). The Original Note was previously reported in the Company’s Current Report on Form 8-K filed with the SEC on July 6, 2026.

 

Pursuant to the Exchange Agreement, the Partitioned Note was partitioned from the Original Note, and the outstanding balance of the Original Note was reduced by $108,332.50. Following such partition, the Original Note remains in full force and effect as to the remaining balance. Streeterville agreed to surrender the Partitioned Note in exchange for the Exchange Shares, which are to be delivered to Streeterville on or before August 10, 2026. On the Free Trading Date (as defined in the Exchange Agreement), the Partitioned Note will be cancelled and all obligations of the Company under the Partitioned Note will be deemed fulfilled. No additional consideration was paid by Streeterville in connection with the exchange.

 

The exchange was effected in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”), as the Exchange Shares were issued in exchange for the Partitioned Note, which constitutes an outstanding security of the Company, the exchange was made exclusively with an existing security holder of the Company, and no commission or other remuneration was paid or given directly or indirectly for soliciting the exchange.

 

The foregoing description of the Exchange Agreement is not complete and is qualified in its entirety by reference to the full text of the Exchange Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated here by reference.

 

Item 3.02Unregistered Sales of Equity Securities.

 

On August 6, 2026, in connection with the Exchange Agreement described in Item 1.01 above (which description is incorporated here by reference), the Company agreed to issue 22,297 shares of Class A common stock to Streeterville in exchange for the Partitioned Note. The issuance of the Exchange Shares was exempt from registration under Section 3(a)(9) of the Securities Act.

 

Item 9.01 Financial Statements, Pro Forma Financial Information, and Exhibits.

 

(d)       Exhibits

 

10.1

Exchange Agreement between Cloudastructure, Inc. and Streeterville Capital, LLC dated August 6, 2026

104 Cover Page Interactive File (the cover page XBRL tags are embedded in 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.

 

Dated: August 10, 2026

 

  CLOUDASTRUCTURE, INC.
     
  By: /s/ Greg Smitherman
    Greg Smitherman
   

Chief Financial Officer

(Principal Financial Officer and

Principal Accounting Officer)

 

 

 

 

 

 

 

 3 

 

Filing Exhibits & Attachments

4 documents