CaliberCos Inc. reduced its corporate debt by approximately $3.4 million through a voluntary Noteholder Conversion Program, converting unsecured notes into Class A common stock and Series AAA Convertible Preferred Stock.
Key takeaways
The Company converted approximately $1.9 million of unsecured corporate notes into Class A common stock.
Approximately $1.5 million of unsecured corporate notes were converted into Series AAA Convertible Preferred Stock.
Total corporate debt has been reduced by approximately $5.3 million since the program began in October 2025.
The newly authorized Series AAA Convertible Preferred Stock carries a 12% annual cumulative dividend.
The Series AAA preferred stock is convertible into Class A common shares in three tranches priced at $2.50, $3.50, and $4.50 per share.