Company: CDT
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005096
Chunk: 9

Company: CDT Equity Inc.
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 9
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 and its stockholders.

The Board’s decision as to whether and when to effect any Reverse Stock Split will be based on a number of factors, including market conditions, the historical, existing, and expected trading price of the Common Stock, the anticipated impact of such Reverse Stock Split on the trading price and number of holders of the Common Stock, and the continued listing requirements of the Nasdaq market on which the Company’s Common Stock trades (the “Nasdaq”) at such time of a Reverse Stock Split .

Purpose

Our Board approved the proposal approving any Reverse Stock Split because it believes that:

| ● | seeking                                                                                                                            
 stockholder approval and adoption of any reverse stock split charter amendment to effect the reverse stock split at the discretion 
 of the Board is advisable and in the best interests of the Company and its stockholders;                                           |
| ● | effecting                                                                                                                          
 a Reverse Stock Split may be an effective means of avoiding a delisting of the Company’s Common Stock from Nasdaq in the future;   |
| ● | an                                                                                                                                 
 investment in the Company’s Common Stock may not appeal to brokerage firms that are reluctant to recommend lower priced securities 
 to their clients and investors may also be dissuaded from purchasing lower priced stocks because the brokerage commissions, as a   
 percentage of the total transaction, tend to be higher for such stocks;                                                            |

| 7 |

| ● | analysts                                                                                                                                  
 at many brokerage firms do not monitor the trading activity or otherwise provide coverage of lower priced stocks and that most investment 
 funds are reluctant to invest in lower priced stocks; and                                                                                 |
| ● | a                                                                                                                                         
 higher stock price may help generate investor interest in the Company and help the Company attract and retain employees.                  |

If a Reverse Stock Split successfully increases the per share price of our Common Stock, the Board believes this increase may increase trading volume in our Common Stock and facilitate future financings by the Company.

Nasdaq Requirements for Continued Listing

Our Common Stock is currently listed on The Nasdaq Global Market under the symbol “CDT.” Although the Company is not currently deficient with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Global Market (the “Minimum Bid Price Requirement”), the Company is seeking stockholder approval for approval of a range of reverse splits in the event, such reverse splits are needed to maintain its listing on the Nasdaq market should the Company desire not to receive a deficiency notice with respect to the Minimum Bid Price Requirement. The Company will continue to monitor the closing