WHAT THIS CONVERTS INTO
This note converts into Cornerstone Preferred.
The round the CLN converts into is not a science-experiment raise. It is capital secured by a signed, escalating contracted fee — before a module is built.
EVERY DOLLAR COMMITTED NOW BUYS $1.25 OF CORNERSTONE PREFERRED AT CLOSE.
30-year Circular Supply Agreement (CSA)
Revenue is under contract before we build — a contracted, escalating fee for 30 years.
Cornerstone Preferred Stock
A senior, contracted-cash-flow position. No equity pledge, no dilution to the platform.
IG-rated counterparty
An investment-grade public authority stands behind the contracted fee.
$5M CLN ROUND · OPEN NOW · TARGET CLOSE 60–90 DAYS · CONVERTS INTO $100M ROUND 1 · INDICATIVE VALUATION $0.9–1.3B (A RANGE, NOT A SET PRICE).