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recorded $4,600,000 in aggregate gross proceeds at the initial closing of a Series B Convertible Preferred Stock private placement, the company disclosed in an 8-K filed with the Securities and Exchange Commission on September 1, 2026.
The Nasdaq-listed company trades under the ticker CABR.
Under a Securities Purchase Agreement dated August 21, 2026, the company issued 4,600 shares of Series B Convertible Preferred Stock at $1,000 per share to accredited investors.
Two warrant series accompanied the preferred stock: Series A Warrants to purchase up to 4,600,000 shares of common stock at an exercise price of $0.825 per share, and Series B Warrants to purchase up to 4,600,000 shares of common stock at $0.95 per share.
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