We were formed under the laws of the State of Delaware on March 28, 2003. We provide an award-winning cloud-based artificial intelligence (“AI”) video surveillance and Remote Guarding (as defined below) service built on AI and machine learning platforms.
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Item 3.03Item 3.03 - Material Modification to Rights
Item 3.03 Material Modification to Rights of Security Holders.
The information set forth under Item 5.03 below
is incorporated here by reference.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03 Amendments to Articles of Incorporation or Bylaws: Change in Fiscal Year.
On July 28, 2026, Cloudastructure, Inc. (the “Company”)
filed a Certificate of Amendment to Amended and Restated Certificate of Designations of Preferences and Rights of Series 2 Convertible
Preferred Stock (the “Series 2 Amendment”) with the Secretary of State of
the State of Delaware to amend the terms of its Series 2 Convertible Preferred Stock (the “Series
2 Stock”) to add a standard antidilution provision that adjusts the conversion price of the Series 2 Stock upon certain recapitalizations
and reclassifications of the Company’s outstanding shares of Class A common stock, par value $0.0001 per share (the “Class
A Stock”). The Series 2 Amendment became effective on July 28, 2026.
Also on July 28, 2026, the Company filed a Certificate
of Amendment to (the “Charter Amendment”) to its Second Amended and Restated
Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of its outstanding shares
of Class A Stock and Class B common stock, par value $0.0001 per share (“Class B Stock”),
at a ratio of 1-for-30 (the “Reverse Stock Split”), and to reduce proportionately
the Company’s authorized stock. The Certificate of Amendment became effective at 12:01 a.m. Eastern Time on July 31, 2026.
Pursuant to the Charter Amendment, at the effective
time, each thirty (30) shares of Class A Stock and each thirty (30) shares of Class B Stock issued and outstanding immediately prior to
the effective time were automatically reclassified, combined, and changed into one fully paid and nonassessable share of Class A Stock
or Class B Stock, as applicable, without any further action by the stockholders or any other person. No fractional shares were issued
in connection with the Reverse Stock Split. Any fractional shares resulting from the Reverse Stock Split were rounded up to the nearest
whole share in accordance with the Charter Amendment.
Pursuant to the Charter Amendment, immediately
following the effective time, the authorized capital of the Company was reduced from 500,000,000 shares of capital stock, consisting of
250,000,000 shares of Class A Stock, 100,000,000 shares of Class B Stock, and 150,000,000 shares of preferred stock, par value $0.0001
per share, to 16,666,668 shares of capital stock, consisting of 8,333,334 shares of Class A Stock, 3,333,334 shares of Class B Stock,
and 5,000,000 shares of preferred stock, par value $0.0001 per share.
The foregoing descriptions of the Series 2 Amendment
and the Charter Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of the Series
2 Amendment and the Charter Amendment, respectively, copies of which are filed as Exhibit 3.1 and Exhibit 3.2, respectively, to this Current
Report on Form 8-K and are incorporated here by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On July 28, 2026, the Company issued a press release
announcing the Reverse Stock Split. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated here by reference.