Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 18

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 18
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 and for the treatment of fractional shares. If a stockholder holds shares of Common Stock with a bank, broker, custodian,
or other nominee and has any questions in this regard, stockholders are encouraged to contact their bank, broker, custodian, or other
nominee.

Fractional Shares

No fractional shares will be issued
as a result of any Reverse Stock Split. Stockholders of record who otherwise would be entitled to receive fractional shares because they
hold a number of pre-split shares not evenly divisible by the number of pre-split shares for which each post-split share is to be reclassified,
will be entitled to an amount in cash (without interest or deduction) equal to the fraction of one share to which such stockholder would
otherwise be entitled multiplied by the closing price of the Common Stock on the Nasdaq on the last trading day immediately preceding
the Split Effective Time (with such closing price proportionately adjusted to give effect to the Reverse Stock Split). Except for the
right to receive the cash payment in lieu of fractional shares otherwise issuable upon the effectiveness of a Reverse Stock Split,
stockholders will not have any voting, dividend or other rights with respect to the fractional shares they would otherwise be entitled
to receive as a result of such Reverse Stock Split.

As of the Record Date, there were approximately
4,900 stockholders of record of the Common Stock. Upon stockholder adoption and approval of this proposal, if the Board elects to implement
one or more Reverse Stock Splits, the Company does not expect that cashing out fractional shares otherwise issuable
upon the effectiveness of any such Reverse Stock Split would significantly reduce the number of stockholders of record. Reducing
the number of post-split stockholders, however, is not the purpose of this proposal.

Stockholders should be aware that, under
the escheat laws of the various jurisdictions where stockholders may reside, where we are domiciled, and where the funds will be deposited,
sums due for fractional interests that are not timely claimed after the effective date of a Reverse Stock Split may be required
to be paid to the designated agent for each such jurisdiction, unless correspondence has been received by us or the exchange agent concerning
ownership of such funds within the time permitted in such jurisdiction. Thereafter, stockholders otherwise entitled to receive such funds
will have to seek to obtain them directly from the state to which they were paid.

With respect to awards granted under the Equity
Plans, the number of shares of the Common Stock issuable thereunder