Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 70

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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market value of the combined entity’s Common Stock that is held by non-affiliates exceeds $700.0 million as of the prior December
31st or (iv) the date on which the combined entity has issued more than $1.0 billion in non-convertible debt securities during the prior
three year period.

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In addition, CDT is a smaller
reporting company as defined in the Securities Exchange Act of 1934 (as amended, the “Exchange Act”). The Company may continue
to be a smaller reporting company even after we are no longer an emerging growth company. We may take advantage of certain of the scaled
disclosures available to smaller reporting companies and will be able to take advantage of these scaled disclosures for so long as (i)
CDT’s voting and non-voting Common Stock held by non-affiliates is less than $250.0 million measured on the last business day of
our second fiscal quarter or (ii) CDT’s annual revenue is less than $100.0 million during the most recently completed fiscal year
and its voting and non-voting Common Stock held by non-affiliates is less than $700.0 million measured on the last business day of its
second fiscal quarter.

Item
3. Quantitative and Qualitative Disclosures About Market Risk.

As
a smaller reporting company, we are not required to provide disclosure regarding quantitative and qualitative market risk.

Item
4. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded,
processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is
accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Under
the supervision and with the participation of our principal executive officer and principal financial officer, we conducted an
evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended June 30, 2025
and for the comparison fiscal quarter ended June 30, 2024, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the
Exchange Act. Based on this evaluation, our principal executive officer and principal financial officer concluded that during the
periods covered by this Quarterly Report, our disclosure controls