Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 166

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 166
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In
November and December 2024, the Company received a letter from St George Street Capital and formal complaints filed with the Intellectual
Property Office claiming the Company was assigned the US Application, and was not the sole owner, of the AZD 1656 co-crystal patent.
In January 2025, CDT issued a counter statement to the Intellectual Property Office disputing the claim filed by St George Street
Capital. As of June 30, 2025, the range of possible loss cannot be estimated and is not considered probable. As such, the Company has
not accrued a loss contingency in the accompanying financial statements. We intend to vigorously defend against these claims. Regardless
of its outcome, the litigation may impact our business due to, among other things, legal costs and the diversion of the attention of
our management.

Item
1A. Risk Factors.

As
a smaller reporting company, we are not required to provide disclosure regarding material changes to our previously disclosed risk factors.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

No
unregistered sales of equity securities occurred during the quarter ended June 30, 2025 that were not previously reported.

The
following table sets forth repurchases of our Common Stock during the three months ended June 30, 2025:1

    (amounts in millions, except share and per share data) 
    Total number of shares purchased(1)  
    Average price paid per share  
    Total number of shares purchased as part of the publicly announced program  
    Approximate dollar value of shares that may yet to be purchased under program 
  
    April 1, 2025 – April 30, 2025 
     [●]  
    $[●]  
     [●]  
    $        [●] 
  
    May 1, 2025 – May 31, 2025 
     [●]  
     [●]  
     [●]  
     [●] 
  
    June 1, 2025 – June 30, 2025 
     [●]  
     [●]  
     [●]  
     [●] 
  
    Total 
     11,713  
    $8.85  
     11,713  
    $0.90 

  (1)
  On April