Change Agents Registers 52.2M Shares for $10M Equity Line at $0.20 Fixed Price
CHGA sits 18% above its 52-week low of $0.141 on light trading volume (0.2× avg).
Summary
Change Agents registered 52.2 million shares for resale under its $10M Hudson equity line at a fixed $0.20 price, with potential dilution exceeding 70% if fully drawn.
Key Events · Financing and Capital Events · CHGA
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52.2M Shares Registered for Resale
The S-1/A registers 50,000,000 Put Shares at a fixed $0.20 price, 925,925 ELOC Warrant Shares at $0.01, and 1,310,000 shares issued to Agile Capital, Vision Capital, and One-Eyed Jack.
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Severe Dilution Potential
If the full $10M ELOC is drawn, shares outstanding would rise from 19,946,803 to over 72 million — a 71.48% increase per the filing's own table.
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Cash Runway Critical
The company had only $191,000 in cash as of August 21, 2026, enough for about one month; it needs $5 million for 12 months of operations.
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$250K Buyout Deadline
If stockholder approval for the ELOC Warrant is not obtained within 75 days of the Purchase Agreement, Hudson can require a $250,000 cash buyout.
Analysis · CHGA · Technology
This S-1/A finalizes the terms of the Hudson Global Ventures equity line: 50 million shares at a fixed $0.20 price, plus a 925,925-share warrant at $0.01. The company has only $191,000 in cash and needs $5 million for 12 months of operations, so this facility is the primary lifeline. But the dilution is severe — if fully drawn, the share count would rise from 19.9 million to over 72 million, a roughly 71% increase. The filing also reveals a $250,000 cash buyout if stockholder approval for the warrant isn't obtained within 75 days, adding a hard deadline and potential cash drain.
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 $0.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.5M. The 52-week trading range was $0.14 to $2.90. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.