Jun. 26 at 10:05 PM
$CCLD The original agreement (April 13, 2026)
The original 8-K required:
* Mahmud Haq to pledge certain securities accounts as additional collateral for the new
$50 million credit facility.
* That pledge was to be completed within 45 days of closing.
* In exchange, he would receive a 4.3 million share warrant with a
$5.00 exercise price.
The deadline for completing the Securities Account Pledge Agreement was extended from 45 days to 105 days after closing ( confirmed per your post)
Reasons can include:
* brokerage paperwork,
* transferring securities between custodians,
* legal review,
* account control agreements,
* lien perfection.
Etc
Sometimes it simply takes longer than expected. 😁
