Cloudastructure shares fall 17.77% intraday after announcing $9M ATM equity offering and Streeterville Capital waiver.

Cloudastructure Inc. fell 17.77% intraday following the announcement of two equity financing initiatives. The company launched a $9 million at-the-market equity offering with Maxim Group and secured a waiver from Streeterville Capital to remove participation constraints, enabling immediate share sales. Additionally, Cloudastructure filed a $150 million mixed shelf offering for common stock, preferred shares, and warrants. These aggressive capital-raising measures, particularly the ATM program and mixed shelf, signaled potential dilution and raised concerns about the company’s financial stability, prompting a sharp selloff as investors reacted to perceived overissuance and lack of earnings catalysts.