Company: CDT
Filing Date: 2025-07-08
Form Type: DEF 14A
Source: 0001641172-25-018242
Chunk: 52

Company: CDT Equity Inc.
Filing Date: 2025-07-08
Form: DEF 14A
Chunk 52
---
 made on or after such date under the Amended 2023 Plan. If the Amended 2023 Plan is not approved by our shareholders, then it will not become effective, no awards will be granted under the Amended 2023 Plan, and the 2023 Plan will continue in accordance with its terms as previously approved by our stockholders.

The actual text of the Amended 2023 Plan is attached to this Proxy Statement in Annex A. The following description of the Amended 2023 Plan is only a summary of its principal terms and provisions and is qualified in its entirety by reference to the actual text as set forth in Annex A.

Why We Believe You Should Vote for this Proposal No. 3

The Amended 2023 Plan continues to authorize the Compensation Committee to grant stock options, stock options, stock appreciation rights, restricted stock, restricted stock units, performance stock units, other stock- or cash-based awards and dividend equivalents, or any combination thereof, to employees, directors and consultants, including employees and consultants of the affiliates of the Company.

We believe our future success continues to depend in part on our ability to attract, motivate and retain high quality employees, consultants, and directors and that the ability to provide equity-based and incentive-based awards under the Amended 2023 Plan is critical to achieving this success. We would be at a severe competitive disadvantage if we could not use stock-based awards to recruit and compensate our employees and directors. The use of common stock as part of our compensation program is also important because equity-based awards continue to be an essential component of our compensation program for key employees, as they help link compensation with long-term stockholder value creation and reward participants based on service and/or performance.

| 34 |

We recognize that since the
adoption of the 2023 Plan Conduit has undergone significant capital structure transformations including the resolution of five Nasdaq
deficiencies, transitioned to the Nasdaq Capital Market, increased stockholder’s equity by over $10m, successfully raised more
than $12 million (net of commission) and established itself a Nasdaq-listed, cash-rich vehicle primed for strategic licensing, asset
acquisitions, and transactions. Furthermore, the absence of cash bonuses to date, and prior equity grants under the 2023 Plan failed
to elevate total compensation meaningfully and in addition, the newly appointed CEO continues to waive all Director fees since September
2023. The Amended 2023 Plan preserves cash reserves at the company, fostering flexibility to capitalize