Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q/A
Source: 0001641172-25-024123
Chunk: 4

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q/A
Chunk 4
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 forward-looking statements are based on information available to us as of the filing date of this Quarterly Report. Unless required by law, we do not intend to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise. You should, however, review the risk factors we describe in the reports we will file from time to time with the SEC after the date of this Quarterly Report.

This Quarterly Report may also contain market data related to our business and industry. These market data include projections that are based on a number of assumptions. If these assumptions turn out to be incorrect, actual results may differ from the projections based on these assumptions. As a result, our markets may not grow at the rates projected by these data, or at all. The failure of these markets to grow at these projected rates may harm our business, results of operations, financial condition, and the market price of our common stock.

| iii |

<div align='center'>PART I-FINANCIAL INFORMATION</div>

Item 1. Financial Statements.

<div align='center'>CDT EQUITY INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)</div>

|                                                                                                                                                                                                                                          |     |   |     March 31, 
          2025 
   (Unaudited) 
 (As Restated) |   |     |   | December 31, 
         2024 
    (Audited) |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| ASSETS                                                                                                                                                                                                                                   |     |   |               |   |     |   |              |   |
| Current assets                                                                                                                                                                                                                           |     |   |               |   |     |   |              |   |
| Cash and cash equivalents                                                                                                                                                                                                                |     | $ |         2,130 |   |     | $ |          554 |   |
| Prepaid                                                                                                                                                                                                                                  
 R&D services- related party (see Note 8 and Note 13)                                                                                                                                                                                     |     |   |         1,814 |   |     |   |          380 |   |
| Prepaid                                                                                                                                                                                                                                  
 R&D services (see Note 8)                                                                                                                                                                                                                |     |   |           279 |   |     |   |            - |   |
| Prepaid expenses and other current assets                                                                                                                                                                                                |     |   |         1,