Change Agents Raises $250K via OID Notes, Amends Hudson Equity Line to $2.00/Share
CHGA has more than doubled off its 52-week low of $0.21.
Summary
Change Agents raised $250K in gross proceeds via OID notes with 1M pre-funded warrants, amended its Hudson equity line to $2.00/share, and issued 84K waiver warrants to existing noteholders.
Key Events · Financing and Capital Events · CHGA
-
New OID Note Financing
Issued $280,000 in original issue discount notes (gross proceeds $250,000) with 1,000,000 pre-funded warrants at $0.0001 exercise price. Notes mature April 8, 2027 at 7% interest, rising to 15% on default.
-
Hudson Equity Line Amended
Second Amendment raises purchase price from $0.20 to $2.00 per share and replaces flat put amounts with a tiered schedule ranging from $15,000 to $500,000 based on stock price levels.
-
Waiver Warrants Issued
Issued 50,000 pre-funded warrants to Dune Equity Holdings and 34,000 to FirstFire Opportunities Fund to obtain waivers for the new debt. Buyout provisions require $125,000 and $75,000 payments respectively if shareholder approval not obtained within 90 days.
-
Distressed Financing Pattern
This marks the third OID note issuance in two months, following a $550K raise on August 18 and a $825K loan in July. Company continues to rely on expensive, warrant-laden capital.
Analysis · CHGA · Technology
Change Agents Corporation continues its pattern of high-cost, warrant-heavy financing. The company issued $280,000 in original issue discount notes (netting just $250,000) with 1 million pre-funded warrants attached, and simultaneously amended its $10 million Hudson Global Ventures equity line to raise the purchase price from $0.20 to $2.00 per share. The amendment also restructured the put amounts into a tiered schedule tied to stock price levels. Additionally, the company issued 84,000 waiver pre-funded warrants to Dune and FirstFire to obtain consent for the new debt, with buyout provisions totaling $200,000 if shareholder approval is not obtained within 90 days. This follows a series of distressed financings over the past two months, including a $550K OID note raise in August and a 1-for-20 reverse split on August 28. The company is burning through cash and repeatedly turning to expensive, dilutive capital sources.
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.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHGA was trading at $2.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3M. The 52-week trading range was $0.21 to $5.74. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.