Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q/A
Source: 0001641172-25-024123
Chunk: 41

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q/A
Chunk 41
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 Stock

At-the-Market Offering

On October 23, 2024, the Company entered into the Sales Agreement with A.G.P. relating to shares of the Company’s Common Stock. In accordance with the terms of the Sales Agreement, the Company may offer and sell shares of our Common Stock having an aggregate offering price of up to $ 23.9million from time to time through A.G.P., acting as our sales agent or principal.

The compensation to A.G.P. for sales of common stock sold pursuant to the Sales Agreement will be equal to 3.0% of the gross proceeds of any shares of common stock sold under the sales agreement.

During the three months ended March 31, 2025, the Company sold 4,345,913shares of the Company’s Common Stock through the Sales Agreement. The Company received proceeds of $ 8.1million, net of commissions payable to A.G.P. of $ 0.2million. As of the date of this Quarterly Report on Form 10-Q, the Company has approximately $ 12.0million available under the Sales Agreement.

12. 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 March 31, |           |     | As of March 31, |         |
|                                      |     |            2025 |           |     |            2024 |         |
| Public warrants                      |     |                 |   139,790 |     |                 | 139,790 |
| PIPE Warrants                        |     |                 |         - |     |                 | 200,000 |
| A.G.P. Warrants                      |     |                 |       540 |     |                 |     540 |
| Convertible Promissory Notes Payable |     |                 |         - |     |                 |     805 |
| Stock Options                        |     |                 |    65,090 |     |                 |  10,717 |
| Restricted stock Units               |     |                 |         - |     |                 |   1,470 |
| A.G.P. Convertible Note              |     |                 | 1,816,695 |     |                 |       - |
| March 2024 Warrants                  |     |                 |