Change Agents Registers 5.38M Shares for Resale at $2.00 Fixed Price Under $10M Hudson Equity Line
CHGA has more than doubled off its 52-week low of $0.21 on light trading volume (0.1× avg).
Summary
Change Agents filed Amendment No. 3 to its S-1, registering 5.38 million shares for resale under its $10M Hudson equity line at a fixed $2.00 price, up from $0.20 in the prior amendment. The filing also confirms the 1-for-20 reverse split and regained Nasdaq compliance.
Key Events · Financing and Capital Events · CHGA
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S-1 Amendment Registers 5.38M Shares
Amendment No. 3 registers 5,375,797 shares for resale under the $10M Hudson equity line, up from 5.36 million in Amendment No. 2 filed September 15, 2026.
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Fixed Purchase Price Raised to $2.00
The ELOC purchase price is now fixed at $2.00 per share, a material change from the $0.20 price disclosed in the August 24, 2026 S-1/A.
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Reverse Split and Nasdaq Compliance
The filing confirms the 1-for-20 reverse stock split effective August 28, 2026, and that the company regained Nasdaq compliance on September 15, 2026.
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Severe Cash Shortfall
As of September 11, 2026, the company had only $172,000 in cash and needs $5 million for 12 months of operations, making the equity line a critical survival mechanism.
Analysis · CHGA · Technology
Amendment No. 3 to the S-1 registers 5,375,797 shares for resale under the $10 million Hudson equity line, with the purchase price now fixed at $2.00 per share — a significant change from the $0.20 price disclosed in the prior amendment on August 24, 2026. The filing also confirms the 1-for-20 reverse stock split effective August 28, 2026, which retroactively adjusts all share counts and prices. The company regained Nasdaq compliance on September 15, 2026, after the reverse split lifted the bid price above $1.00. The offering remains highly dilutive: if all 5 million put shares are sold at $2.00, the share count would rise from 1,120,216 to over 6.4 million, representing substantial dilution to existing holders. The company has only $172,000 in cash as of September 11, 2026, and needs $5 million for 12 months of operations, so this equity line is a critical survival mechanism despite the dilution.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 40.4% of the 1069 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. 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 $1.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $2M. 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.