Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 396

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 396
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 days.

Item
13. Certain Relationships and Related Transactions, and Director Independence

In
addition to the compensation arrangements with directors and executive officers described under the sections titled “Executive
Compensation” and “Management,” the following is a description of each transaction since January 1, 2023 and each currently
proposed transaction, in which:

    ●
    we
    have been or are to be a participant;

    ●
    the
    amount involved exceeds or will exceed $120,000; and

    ●
    any
    of our directors, executive officers, or beneficial holders of more than 5% of our capital stock, or any immediate family member
    of, or person sharing the household with, any of these individuals (other than tenants or employees), had or will have a direct or
    indirect material interest.

Policies
and Procedures for Related Party Transactions

Our
board of directors adopted a policy, at the closing of the Business Combination, with respect to the review, approval, and ratification
of related party transactions. Under the policy, the audit committee of the board of directors is responsible for reviewing and approving
related party transactions. In the course of its review and approval of related party transactions, the audit committee will consider
the relevant facts and circumstances to decide whether to approve such transactions. In particular, the policy requires the audit committee
to consider, among other factors it deems appropriate:

    ●
    whether
    the transaction was undertaken in the ordinary course of business of the Company;

84

    ●
    whether
    the related party transaction was initiated by the Company, a subsidiary, or the related party;

    ●
    whether
    the transaction with the related party is proposed to be, or was, entered into on terms no less favorable to the Company than terms
    that could have been reached with an unrelated third party;

    ●
    the
    purpose of, and the potential benefits to the Company of, the related party transaction;

    ●
    if
    the approximate dollar value of the amount involved in the related party transaction, particularly as it relates to the related party;

    ●
    the
    related party’s interest in the related party transaction;

    ●
    whether
    the related party transaction would impair the independence of an otherwise independent director; and

    ●
    any
    other information regarding the related party transaction or the related party that would be material to investors in light of the