Co-Diagnostics, Inc. has signed a big loan deal worth $2.1 million with J.J. Astor & Co.

Oct 13, 2026, 6:18 AM ETNew sharesRead the original at SEC EDGAR

Bad for CODX

The loan gives Co-Diagnostics about $2 million for working costs, but repayment is 1.35 times the amount borrowed. Nearly all company assets secure it, and 600,000 shares were issued; conversions could create more and shrink owners’ stakes.

CODX · Co-Diagnostics, Inc.

AI read · Bad for CODX

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The cash can cover everyday company needs. But repayment is set at 1.35 times the amount borrowed, through weekly payments. The lender may exchange payments for shares at a price tied to recent trading, and nearly all company assets secure the loan. A missed obligation can also raise the amount owed.

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