Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 10

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 10
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 into a smaller number of shares such that a stockholder will own one new share of common
stock for each 2 to 100 (or any number in between) and in the aggregate not more than 250, inclusive, shares of issued common stock held
by such stockholder immediately prior to a Reverse Stock Split Effective Time, as specified.

By approving this item, stockholders
will approve one or more Amendments and authorize the Board to file such Amendments and to abandon such Amendments, as determined by
the Board in its sole discretion, other than any such Amendment with which the Board determines to proceed by filing with the Secretary
of State a certificate of amendment in the form of Annex A setting forth such Amendment. Upon receiving stockholder approval, the
Board will have the authority, but not the obligation, in its sole discretion, to elect, without further action on the part of the stockholders,
whether to effect any Reverse Stock Split and, if so, to determine the applicable Reverse Stock Split Ratio from among the approved range
described above and to effect one or more Reverse Stock Splits by filing a certificate of amendment setting forth such Amendment
with the Secretary of State. The Board reserves the right to elect not to effect any Reverse Stock Split at any time prior to the effectiveness
of the filing of any certificate of amendment setting forth any such Amendment with the Secretary of State, if it determines,
in its sole discretion, and without further action on the part of the stockholders, that the proposal is no longer in the best interests
of the Company and its stockholders.

The Board’s decision as to whether and when
to effect any Reverse Stock Split will be based on a number of factors, including market conditions, the historical, existing, and expected
trading price of the Common Stock, the anticipated impact of such Reverse Stock Split on the trading price and number of holders of the
Common Stock, and the continued listing requirements of the Nasdaq market on which the Company’s Common Stock trades (the “Nasdaq”)
at such time of a Reverse Stock Split .

Purpose

Our Board approved the proposal approving
any Reverse Stock Split as provided in Proposal 1 because it believes that:

| ● | seeking stockholder approval                                                                                                                                                                                                                                                                                                                   
 and adoption of any reverse stock split charter amendment to effect the one or more Reverse Stock Splits at the discretion                                                                                                                                                                                                                     
 of the Board is advisable and in the best interests of the Company and its stockholders;                                                                                                                                                                                                                                                       |
| ● | effecting one or more