Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 39

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 39
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 and Investment in Our Stock

If we do not maintain
our trading market’s listing requirements, Nasdaq may delist our securities from trading on its exchange.

In August 2024, the Company
received deficiency letters from Nasdaq notifying the Company that it was not in compliance with Listing Rule 5450(a)(1) (the “Bid
Price Rule”), Listing Rule 5450(b)(2)(C) (the “MVPHS Rule”) and Listing Rule 5450(b)(2)(A) (the “MVLS Rule”,
together with the Bid Price Rule and the MVPHS Rule, the “Rules”). The Company had until February 10, 2025, and February
11, 2025, to regain compliance with the Rules. On December 17, 2024, Nasdaq issued a letter to the Company that as of December 17, 2024,
it determined that the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. As a result,
Nasdaq had determined to delist the Company’s common stock and redeemable warrants from The Nasdaq Global Market, on December 27,
2024. The Company subsequently requested and received a hearing (the “Nasdaq Hearing”) from the Nasdaq Hearings Panel (the
“Panel”). The Company submitted a written plan of compliance to cure its Rule deficiencies to Nasdaq on January 22, 2025,
and attended the Nasdaq Hearing for the Company on February 11, 2025. On March 5, 2025, the Company received a written notification (the
“Notice”) from the Panel confirming it has granted the Company such an extension for the Company to regain compliance with
the MVPHS and MVLS rules, provided that the Company, (i) on or before March 12, 2025, files an application to transfer to the Nasdaq
Capital Market, which application was submitted on March 7, 2025, and (ii) on or before March 31, 2025, demonstrates compliance with all Nasdaq listing rules,
which it intends to do, and believes it will satisfy. Additionally, the Company was also notified in the Notice that as of February
26, 2025, it had regained compliance with the Bid Price Rule.

Following
the transfer to the Nasdaq Capital Market, the Company’s current MVPHS will be compliant with the MVPHS continued listing