Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 23

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 23
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 as a sale or exchange) with respect to certain U.S. holders who
own more than a minimal amount of Common Stock and whose proportionate interest in the Company is not reduced (after taking into account
certain constructive ownership rules), or who exercise more than a minimal degree of voting or other type of control over the affairs
of the Company. U.S. holders of our Common Stock should consult their own tax advisors to determine the extent to which their receipt
of cash in lieu of fractional shares could be treated as a dividend based on their particular circumstances.

Payments of cash made in lieu of a fractional
share of the Common Stock may, under certain circumstances, be subject to information reporting and U.S. “backup withholding”.
To avoid backup withholding, each holder of our shares of the Common Stock that does not otherwise establish an exemption should furnish
its taxpayer identification number and comply with the applicable certification procedures. Backup withholding is not an additional tax
and any amounts withheld will be allowed as a credit against the holder’s U.S. federal income tax liability and may entitle such
holder to a refund, provided the required information is timely furnished to the IRS.

Tax Consequences to Non-U.S. Holders

Generally, a beneficial owner of our Common Stock
that is neither a U.S. holder nor a partnership (or an entity treated as a partnership for U.S. federal income tax purposes) (a “non-U.S.
holder”) should not recognize any gain or loss upon the Reverse Stock Split.

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In addition, if such non-U.S. holder
were to recognize capital gain or loss attributable to cash received in lieu of a fractional share, such gain or loss should also generally
not be subject to U.S. federal income or withholding tax unless (a) such gain or loss is effectively connected with the non-U.S. holder’s
conduct of a trade or business in the United States (and, if required by an applicable income tax treaty, is attributable to a U.S. permanent
establishment maintained by the non-U.S. holder), (b) the non-U.S. holder is a nonresident alien individual present in the United States
for 183 days or more during the taxable year of the Reverse Stock Split and certain other conditions are met, or (c) our Common Stock
constitutes a U.S. real property interest by reason of our status as U.S. real property holding corporation (“USRPHC”) for
U.S. federal income tax purposes

Gain described