Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 3

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 3
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 the Special Meeting. There are no cumulative voting rights.

Voting Requirements and Quorum

At least one-third
of the voting power of all outstanding shares of capital stock of the Company entitled to vote at the Special Meeting, deemed to be
virtually present in person at the meeting or represented by proxy, constitutes a quorum for action at the meeting.
Abstentions are counted for purposes of determining whether a quorum is present. Broker non-votes, if any, will not be counted
for purposes of determining whether a quorum is present. A “broker non-vote” occurs when a bank, broker or other nominee
holding shares for a beneficial owner exercises its discretionary authority on one or more “routine matters” but does not
vote on a given “non-routine” proposal because, with respect to such proposal, such nominee does not have discretionary voting
power and has not received instructions from the beneficial owner. The “broker non-votes” occur with respect to the “non-routine”
matters for which the broker lacks discretionary authority to vote such uninstructed shares. Because Proposal 1 is a routine matter,
we do not expect any broker non-votes to occur at the Special Meeting.

The vote requirement
for the proposal is as follows:

| ● | Proposal 1 (Approval                                                                                                                   
 of one or more amendments of the Company’s Second Amended and Restated Certificate of Incorporation to effect one or more reverse      
 stock splits of the Company’s issued and outstanding Common Stock, at a ratio ranging from any whole number between                    
 and including 1-for-2 and 1-for-100 and in the aggregate not more than 1-for-250, inclusive, as determined by the Company’s            
 board of directors in its discretion, subject to the authority of the board of directors to abandon such amendments) – The             
 approval of one or more amendments of the Company’s Second Amended and Restated Certificate of Incorporation to effect one             
 or more reverse stock splits of the Company’s Common Stock requires the affirmative vote of a majority of the votes cast by            
 the holders of shares of Common Stock virtually present in person or represented by proxy at the Special Meeting and                   
 entitled to vote thereon. Abstentions and broker non-votes, if any, are not treated as votes cast, and, therefore, will have no effect 
 on the outcome of this proposal.                                                                                                       |

Broker Non-Votes

If you are a beneficial owner
whose shares are held in the name of a bank,