Change Agents Corp Lands $825K Loan at Steep Cost, Issues 360K Shares to Lender
CHGA is trading near its 52-week low of $0.177 (3.1% above the low) on light trading volume (0.3× avg).
Summary
Change Agents Corporation obtained an $825,000 loan but netted just $254,350 after repaying a prior loan and fees, and issued 360,000 shares to the lender. The total repayment of $1.188M over 30 weeks reflects extremely high financing costs, underscoring the company's precarious financial position.
Key Events · Financing and Capital Events · CHGA
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High-Cost $825K Loan Secured
The company entered into a Business Loan Agreement for $825,000, receiving net proceeds of only $254,350 after repaying a prior $529,400 loan and a $41,500 administration fee. Total repayment is $1,188,000, including $363,000 in interest, over 30 weekly installments of $37,125 starting July 29, 2026.
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360,000 Shares Issued as Forbearance Fee
In connection with forbearance on a missed payment under the prior loan, the company issued 360,000 shares of common stock to the lender, with piggyback registration rights, adding dilution at a depressed share price.
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Confessed Judgment Provision Increases Risk
The secured promissory note contains a confessed judgment clause, allowing the lender to obtain a judgment against the company without further notice upon default, which could accelerate enforcement and threaten assets.
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Near-Term Repayment Pressure
Weekly payments of $37,125 begin July 29, 2026, with maturity on March 3, 2027. The high payment burden relative to the company's market cap of $2.7M raises concerns about its ability to meet obligations without further dilutive financing.
Analysis · CHGA · Technology
Change Agents Corporation has taken on a high-cost $825,000 loan from Agile Lending, but after repaying a prior loan and covering fees, it nets only $254,350. The total repayment of $1,188,000 over 30 weeks implies an effective annualized interest rate well into triple digits, signaling severe cash constraints. As part of the deal, the company issued 360,000 shares to the lender as a forbearance fee, adding dilution at a time when the stock is trading near its 52-week low. The loan includes a confessed judgment provision, allowing the lender to obtain a judgment without notice upon default, which heightens risk for equity holders.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CHGA was trading at $0.18 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7M. The 52-week trading range was $0.18 to $2.90. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.