Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q/A
Source: 0001641172-25-024123
Chunk: 44

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q/A
Chunk 44
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 stock, in exchange for entering into a lock-up with respect to the shares of common stock held by such holder and for such directors, an additional $ 12.50per warrant. The April Warrants are not exercisable until one year after their date of issuance. Each April Warrant is exercisable into one share of the Company’s common stock at a price per share of $ 312(as adjusted from time to time in accordance with the terms thereof) for a two-year period after the date of exercisability.

| 24 |

14. Other Income (expense), net

The following table presents other income (expense), net, for the three months ended March 31, 2025 and 2024 (in thousands):

Schedule of Other Expense, Net

| Other income:                                                 |     | 2025                       
 For the three months ended 
 March 31,                  
 2025                       |        |   |     | 2024 
 2024 |      |   |
|:--------------------------------------------------------------|:----|:---------------------------|-------:|:--|:----|:-----|-----:|:--|
| Unrealized foreign currency transaction gain                  |     | $                          |     26 |   |     | $    |    - |   |
| Gain on change in fair value of the warrants                  |     |                            |    130 |   |     |      |   19 |   |
| Gain on the change in fair value of convertible notes payable |     |                            |    204 |   |     |      |    - |   |
| Interest income                                               |     |                            |      8 |   |     |      |    9 |   |
| Gain on debt extinguishment                                   |     |                            |    274 |   |     |      |    - |   |
| Gain on waiver of accrued interest                            |     |                            |    371 |   |     |      |    - |   |
| Gain on the issuance of shares for services                   |     |                            |     70 |   |     |      |    - |   |
| Total other income:                                           |     |                            |  1,083 |   |     |      |   28 |   |
| Other expense:                                                |     |                            |        |   |     |      |      |   |
| Loss on the change in fair value of convertible notes payable |     |                            |  2,044 |   |