Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 11

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 11
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 Reverse Stock Splits 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 resulting                                                                                                                                                                               
 from any Reverse Stock Split 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 one or more Reverse Stock Splits within a specified 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 bid price of
its Common Stock and if it believes that any Reverse Stock Split is its best option for continuing compliance with the Minimum
Bid Price Requirement, then it will undertake such Reverse Stock Split at a ratio to be determined by the Board in accordance
with Proposal 1. A decrease in the number of issued and outstanding shares of our Common Stock resulting from a Reverse Stock
Split should, absent other factors, assist in ensuring that the per share market price of our Common Stock continues to remain above
the requisite price for continued listing. However, we cannot provide any assurance that our minimum bid price would remain over the
Minimum Bid Price Requirement of The Nasdaq Global Market following any Reverse Stock Split. Further, regardless of our compliance with
the Minimum Bid Price Requirement