Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 1006

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 1006
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 expected term of the options in effect at the time of grant.

    ●
    Dividends
    – the Company uses an expected dividend yield of zero because the Company has not declared nor paid a cash dividend, nor are
    there any plans to declare a dividend.

The
Company estimated the fair value of stock options granted in the periods presented using a Black-Scholes option-pricing model utilizing
the following assumptions:

Schedule of Fair Value
of Stock Option Granted 

    For the year ended December 31, 

    2024  
    2023 
  
    Expected volatility (%) 
     83.2 - 85.4% 
     79.0% - 80.0%
  
    Expected term (years) 
     5.5 - 5.6  
     3.5 - 6.5 
  
    Risk-free interest rate (%) 
     4.28% - 4.40% 
     4.16% - 4.35%
  
    Expected dividend yield (%) 
     0% 
     0%

The
Company accounts for forfeitures as they occur, which may result in the reversal of compensation costs in subsequent periods as the forfeitures
arise.

The
following table summarizes stock option activity for the 2023 Plan:

Schedule
of Stock Option Activity 

    Number of Options  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (years)  
    Aggregate
                                                                                Intrinsic Value (in thousands) 
  
    Outstanding at December 31, 2023 
     10,717  
    $551  
     8.85  
    $        - 
  
    Granted 
     56,700  
    $8.58  
     -  
    $- 
  
    Cancelled/forfeited 
     1,908  
    $551  
     -  
    $- 
  
    Exercised 
     -  
    $-  
     -  
    $- 
  
    Outstanding at December 31, 2024 
     65,509  
    $81.52  
     9.72  
    $- 
  
    Exercisable 
     23,154  
    $84.18  
     9.66  
    $-