Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 16

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 16
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corporation.

| 10 |

The table below shows, as of the Record Date,
the number of shares outstanding and percentage of the authorized Common Stock prior to a Reverse Stock Split and the number of outstanding
shares of Common Stock that would result from a Reverse Stock Split at (a) a 1-for-2 Reverse Stock Split Ratio, (b) a 1-for-5 Reverse
Stock Split Ratio, (c) a 1-for-10 Reverse Stock Split Ratio, (d) a 1-for-20 Reverse Stock Split Ratio, (e) a 1-for-50 Reverse Stock Split
Ratio and (f) a 1-for-100 Reverse Stock Split Ratio, in each case without giving effect to the treatment of fractional shares:

| Reverse Split Ratio |     | Approximate Number of Shares Issued and Outstanding |            |     | Percentage of Authorized Common Stock |       |   |
| Current shares      |     |                                                     | 11,338,523 |     |                                       |   4.5 | % |
| 1-for-2             |     |                                                     |  5,669,261 |     |                                       |   2.2 | % |
| 1-for-5             |     |                                                     |  2,267,704 |     |                                       | 0.9 % |   |
| 1-for-10            |     |                                                     |  1,133,852 |     |                                       |   0.4 | % |
| 1-for-20            |     |                                                     |    566,926 |     |                                       |   0.2 | % |
| 1-for-50            |     |                                                     |    226,770 |     |                                       |  0.09 | % |
| 1-for-100           |     |                                                     |    113,385 |     |                                       |  0.04 | % |

No Effect on Preferred Stock Authorization

The Company’s Restated Certificate of Incorporation
currently authorizes the issuance of 1,000,000 shares of preferred stock, par value $0.0001 per share (“preferred stock”),
none of which are currently issued or outstanding. The proposed Amendments would not increase or decrease the authorized number of shares
of preferred stock.

No Effect on Par Value

The proposed Amendments would not affect the par
value of the Common Stock, which will remain at $0.0001.

Accounting Matters

As a