Company: CDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022373
Chunk: 37

Company: CDT Equity Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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.P. Warrants 
     4  
     4 
  
    Convertible Promissory Notes Payable 
     -  
     6 
  
    Stock Options 
     500  
     83 
  
    A.G.P. Convertible Note 
     173,977  
     - 
  
    March 2024 Warrants 
     21  
     21 
  
    April 2024 Warrants 
     120  
     120 
  
    Restricted stock units 
     7,830  
     - 
  
    A.G.P. 2024 Warrants 
     238  
     - 
  
    Antidilutive Securities 
     183,854  
     1,564 

12.
Related Party Transactions

Corvus
Capital Limited

Corvus
Capital Limited (“Corvus”) is a significant investor in the Company through subscribing to 1,000 common shares prior to the
closing of the Merger on September 22, 2023. Shares held by Corvus on the closing date of the Merger were exchanged for shares of the
Company’s Common Stock. The Chief Executive Officer and principal owner of Corvus, Dr. Andrew Regan, is a member of the Board and
was appointed as the Chief Executive Officer of the Company on April 15, 2025. Dr. Regan has not entered into any compensation plans
and will continue to waive all compensation fees in connection with his service as Chief Executive Officer of the Company and is entitled
to reimbursement of expenses incurred in connection with his role as Chief Executive Officer.

For
the three months ended September 30, 2025 and 2024, the Company incurred director travel expenses payable to Dr. Regan of approximately
$0.2 million and $0.1 million, respectively. For the nine months ended September 30, 2025 and 2024, the Company incurred director travel
expenses payable to Dr. Regan of approximately $0.5 million and $0.4 million, respectively. As of September 30, 2025, and December 31,
2024, the Company did not owe Dr. Regan any director’s fees, as Dr. Regan and the Company agreed to cease director’s fees
effective at the closing of the Merger.

In
September 2023, concurrently with the completion of the Merger, pursuant to