Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 41

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 are recorded as treasury stock within
the condensed consolidated balance sheets.

10.
Net Loss Per Share Attributable to Common Stockholders

Potentially
dilutive securities (upon conversion) that were not included in the diluted per share calculations because they would have been anti-dilutive
were as follows:

Schedule
of Potentially Dilutive Securities

    As of June 30,  
    As of June 30, 

    2025  
    2024 
  
    Public warrants 
     9,319  
     9,319 
  
    PIPE Warrants 
     -  
     1,333 
  
    A.G.P. Warrants 
     36  
     36 
  
    Convertible Promissory Notes Payable 
     -  
     54 
  
    Stock Options 
     4,030  
     714 
  
    A.G.P. Convertible Note 
     144,016  
     - 
  
    March 2024 Warrants 
     173  
     173 
  
    April 2024 Warrants 
     965  
     965 
  
    A.G.P. 2024 Warrants 
     1,908  
     - 
  
    Antidilutive Securities 
     160,447  
     12,594 

11.
Related Party Transactions

Corvus
Capital Limited

Corvus
Capital Limited (“Corvus”) is a significant investor in the Company through subscribing to 1,000 common shares prior to the
closing of the Merger on September 22, 2023. Shares held by Corvus on the closing date of the Merger were exchanged for shares of the
Company’s Common Stock. The Chief Executive Officer and principal owner of Corvus, Dr. Andrew Regan, is a member of the Board and was appointed as the Chief Executive Officer of the Company on April 15, 2025. Dr. Regan has not entered into
any compensation plans and will continue to waive all compensation fees in connection with his service as Chief Executive Officer of
the Company, and is entitled to reimbursement of expenses incurred in connection with his role as Chief Executive Officer.

For
the three months ended June 30, 2025 and 2024, the Company incurred director travel expenses payable to Dr. Regan of approximately $0.3
million and $0