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Peter Bordes Jr., the Chief Executive Officer of Collective Audience, Inc. (NASDAQ:CAUD), recently offloaded a significant portion of his holdings in the company. According to a recent SEC filing, Bordes sold 1,211,429 shares of common stock on March 20, 2025, at a price of $0.10 per share, totaling approximately $121,142. This transaction leaves him with no remaining shares of common stock in the company. The sale occurred at a significant premium to the current share price of $0.03, with the stock down nearly 92% year-to-date. InvestingPro analysis suggests the company is currently undervalued, despite its weak financial health score.
In a separate transaction dated March 28, 2025, Bordes acquired 7,978 shares of Series A Preferred Stock. This acquisition was executed through a debt cancellation agreement, where $300,000 in debt, along with accrued interest, was exchanged for these shares. The Series A Preferred Stock transaction did not involve any direct cash purchase, as it was part of a debt restructuring with the company. With a market capitalization of just $6 million and concerning liquidity metrics, including a current ratio of 0.3, tracking insider movements becomes crucial. Get real-time alerts and detailed insider trading analysis with InvestingPro.
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