CHGA · Change Agents Corporation
The AI's read
The waivers stop lenders from demanding earlier payment under the earlier deals, giving CHGA some breathing room. But the new loans come due soon for more than the company borrowed, and the warrants let lenders get shares for almost nothing. If shareholder approval is not secured, the holders may also seek a $225,000 payment, subject to an exception in the filing. Those costs outweigh the extra time and cash.