Company: CDT
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005096
Chunk: 3

Company: CDT Equity Inc.
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 3
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 of Common Stock outstanding and entitled to vote at the Special Meeting and there were no other classes of securities outstanding that will be entitled to vote at the Special Meeting. Each share of Common Stock is entitled to one vote on all matters. There are no cumulative voting rights.

Voting Requirements and Quorum

At least one-third of the voting power of all outstanding shares of capital stock of the Company entitled to vote at the Special Meeting, present virtually at the meeting or by proxy, constitutes a quorum for action at the meeting. Broker non-votes and abstentions are counted for purposes of determining whether a quorum is present. A “broker non-vote” occurs when a bank, broker or other nominee holding shares for a beneficial owner exercises its discretionary authority on one or more “routine matters” but does not vote on a given “non-routine” proposal because, with respect to such proposal, such nominee does not have discretionary voting power and has not received instructions from the beneficial owner. The “broker non-votes” occur with respect to the “non-routine” matters for which the broker lacks discretionary authority to vote such uninstructed shares.

The vote requirement for the proposal is as follows:

| ● | Proposal                                                                                                                               
 (Approval of one or more amendments of the Company’s Second Amended and Restated Certificate of Incorporation to effect one            
 or more reverse stock splits of the Company’s Common Stock, at a ratio ranging from any whole number between 1-for-2 and 1-for-100     
 and in the aggregate not more than 1-for-250, inclusive, as determined by the Company’s board of directors in its discretion,          
 subject to the authority of the board of directors to abandon such amendments) – The approval of one or more amendments of             
 the Company’s Second Amended and Restated Certificate of Incorporation to effect one or more reverse stock splits of the Company’s     
 Common Stock requires the affirmative vote of a majority of the votes cast by the holders of shares of Common Stock present virtually  
 or represented by proxy at the Special Meeting and entitled to vote thereon. Abstentions and broker non-votes, if any, are not treated 
 as votes cast, and, therefore, will have no effect on the outcome of this proposal.                                                    |

Broker Non-Votes

If you are a beneficial owner whose shares are held in the name of a bank, broker or other nominee (i.e., your shares are held in “street name”), and you do not provide your bank, broker or other nominee