Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 21

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 21
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 other non-U.S. entities specified in Code Section 1472; and holders that hold or have held,
directly, indirectly or constructively pursuant to attribution rules, more than 5% of the shares of Common Stock at any time during the
five-year period ending on the date of the consummation of the Reverse Stock Split.

If an entity treated as a partnership for U.S.
federal income tax purposes holds the Common Stock, the tax treatment of a partner in the partnership will generally depend on the status
of the partner, the activities of the partnership and certain determinations made at the partner level. Accordingly, partnerships holding
the Common Stock and the partners in such partnerships should consult their tax advisors regarding the U.S. federal income tax consequences
to them.

THIS DISCUSSION IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TAX ADVICE. HOLDERS OF THE COMMON STOCK SHOULD CONSULT THEIR TAX ADVISORS WITH RESPECT TO THE APPLICATION OF THE U.S. FEDERAL INCOME TAX LAWS TO THEIR PARTICULAR SITUATIONS AS WELL AS ANY TAX CONSEQUENCES OF THE REVERSE STOCK SPLIT ARISING UNDER OTHER U.S. FEDERAL TAX LAWS (INCLUDING ESTATE AND GIFT TAX LAWS), UNDER THE LAWS OF ANY STATE, LOCAL OR NON-U.S. TAXING JURISDICTION OR UNDER ANY APPLICABLE TAX TREATY.

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Tax Consequences to U.S. Holders

For purposes of this discussion, a “U.S.
holder” is a beneficial owner of the Common Stock that for U.S. federal income tax purposes is: (i) an individual who is a citizen
or resident of the United States; (ii) a corporation (or other entity treated as a corporation for U.S. federal income tax purposes) created
or organized under the laws of the United States, any state thereof, or the District of Columbia; (iii) an estate, the income of which
is subject to U.S. federal income taxation regardless of its source; or (iv) a trust (a) the administration of which is subject to the
primary supervision of a U.S. court and that has one or more U. S. persons that have the authority to control all substantial decisions
of the trust or (b) that was in existence before August 20, 1996, and has a valid election in effect under applicable Treasury Regulations
to be treated as a U. S. person for U.S. federal income tax purposes