Change Agents Registers 5.38M Shares for $10M Hudson ELOC at $2.00 Fixed Price

summarizeSummary

Change Agents' $10M Hudson equity line is now effective, with shares priced at a fixed $2.00. A full draw would issue 5M new shares — roughly 4.5x the current share count — to fund operations for a company with only $172K in cash.

check_boxKey Events · Financing and Capital Events · CHGA

• ELOC Registration Effective

  Prospectus registers 5,375,797 shares for resale, including 5,000,000 Put Shares issuable to Hudson Global Ventures under the $10M equity line at a fixed $2.00 per share.

• Severe Dilution Potential

  A full $10M draw would issue 5,000,000 new shares against 1,120,216 currently outstanding — post-issuance, new shares would represent 81.70% of the total, leaving existing holders with roughly 18% ownership.

• Cash Runway Critical

  Company has approximately $172,000 in cash as of September 11, 2026, supporting only one month of operations; needs $5,000,000 for 12 months, making this facility the primary funding source.

• Going Concern Warning

  Auditor's report includes substantial doubt about the company's ability to continue as a going concern, with accumulated deficit of $112.6 million and $2.7 million in outstanding indebtedness.

auto_awesomeAnalysis · CHGA · Technology

This prospectus makes the Hudson equity line effective, allowing the company to draw up to $10 million by selling shares at a fixed $2.00 price. The dilution is severe: a full draw would issue 5 million new shares against only 1.12 million currently outstanding, leaving existing holders with roughly 18% of the company. The company has just $172,000 in cash and needs $5 million for 12 months of operations, so this facility is the primary lifeline — but it comes at the cost of massive ownership dilution for current shareholders.