Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 82

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 that the Company, (i) on or before March 12, 2025, files an application to transfer
to The Nasdaq Capital Market, which application was submitted on March 7, 2025, and (ii) on or before March 31, 2025, demonstrates compliance
with all Nasdaq listing rules. The Company was notified in the Notice that as of February 26, 2025, it had regained compliance with the
Bid Price Rule. There is no guarantee that the Company can maintain ongoing compliance with the Bid Price Rule. On May 15, 2025, the
Company received formal notice from Nasdaq that the Company has regained compliance with Nasdaq’s minimum bid price requirement
(the “Bid Price Requirement”) set forth in Nasdaq Listing Rule 5550(a)(2), as well as Nasdaq’s stockholders’
equity requirement (“Equity Requirement”) set forth in Nasdaq Listing Rule 5550(b)(1). On May 21, 2025, the Company received
formal notice from Nasdaq that the Company’s application to transfer the listing of its Common Stock to The Nasdaq Capital Market
had been approved and the Company’s securities were  transferred to The Nasdaq Capital Market at the opening of business on May
23, 2025.

    7

Summary
of Significant Accounting Policies

Use
of Estimates

The
preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and related disclosures of contingent assets and liabilities at the date of the financial
statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors
including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic
conditions and trends, and the assessment of the probable future outcome. Actual results could differ materially from such estimates.
Estimates and assumptions are reviewed periodically by management and changes in estimates are made as management becomes aware of changes
in circumstances surrounding the estimates. The effects of changes are reflected in the financial statements in the period that they
are determined.

Cash
and Cash Equivalents

Cash
and cash equivalents are primarily maintained with major financial institutions in the United States and the United Kingdom. The Company
considers cash equivalents to be short-term, highly liquid investments that (a) are readily convertible into known amounts of cash, (b)
are traded and