Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 1024

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 1024
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, at the holder’s option. The Company may call the A.G.P. Warrants
for redemption, in whole and not in part, at any time after the A.G.P. Warrants become exercisable and prior to their expiration, at
a price of $1.00 per A.G.P. Warrant,

    ●
    upon
    not less than 30 days’ prior written notice of redemption to each warrant holder;

    ●
    if,
    and only if, the reported last sale price of the Common Stock equals or exceeds $1,800 per share (as adjusted for stock splits, stock
    dividends, recapitalizations and other similar events) for any 20 trading days within a 30-trading day period commencing once the
    A.G.P. Warrants become exercisable and ending three business days before we send the notice of redemption to the warrant holders;
    and

    ●
    provided
    there is a current registration statement in effect with respect to the shares of Common Stock underlying the A.G.P. Warrants for
    each day in the 30-trading day period and continuing each thereafter until the redemption date.

If
the Company calls the A.G.P. Warrants for redemption as described above, our management will have the option to require any holder that
wishes to exercise its A.G.P. Warrant to do so on a “cashless basis.” If our management takes advantage of this option, holders
of A.G.P. Warrants would pay the exercise price by surrendering their A.G.P. Warrants for that number of shares of Common Stock as calculated
pursuant to the A.G.P. Warrant. Requiring a cashless exercise in this manner will reduce the number of shares to be issued and thereby
lessen the dilutive effect of an A.G.P. Warrant redemption.

The
exercise of the A.G.P. 2024 Warrants and the issuance of the shares of Common Stock underlying the Warrants is subject to stockholder
approval under applicable rules and regulations of Nasdaq. The warrants are exercisable for a period of five years, beginning on the
stockholder approval date. The A.G.P 2024 Warrants are exercisable for cash, or on a cashless basis if at the time of exercise there
is no effective registration statement registering the resale of the warrant shares. The A.G.P. 2024 Warrants are not redeemable by the
Company. On October