Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 783

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 783
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 Capital Market, which application was submitted on March 7, 2025, and (ii) on or before March 31,
2025, demonstrates compliance with all Nasdaq listing rules, which it intends to do. Additionally, the Company was also notified in the
Notice that as of February 26, 2025, it had regained compliance with the Bid Price rule. The Company notes that there is no assurance
that the Company can maintain ongoing compliance with the Bid Price Rule. The Company expects to submit its compliance document with
respect to the MVPHS and MVLS rules which will be subject to review by the Panel. The Panel, may, in its discretion, request additional
information before determining that the Company has complied with the terms of the exception. There can be no assurances that the Panel’s
decision will agree with the Company’s compliance document. 

Common Stock
Issuances in Relation to the Sales Agreement

The Company
increased the aggregate offering price under the Sales Agreement to up to $4,835,433,
$8,183,156,
$13,450,017,
$17,816,270,
and $23,922,782 on January 15, 2025, February 6, 2025, February 10, 2025, February 19, 2025, and March 10, respectively. From
January 22, 2025 through the issuance of the Company’s consolidated financial statements, the Company sold 4,345,913
shares of the Company’s Common Stock through the Sales Agreement. The Company received proceeds of $8.1
million, net of commissions payable to A.G.P. of $0.2
million. As of the financial statement filing date, the Company has $12.0 million
available under the Sales Agreement.

F-37