Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 198

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 198
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26, 2025 with
the UK IPO. In addition, each of the three inventors named in the Patent Application filed simultaneous counterstatements fully supporting
Conduit’s position, and assertions that the claims are without merit. Further updates will be made following notification by the
UK IPO.

Item
4. Mine Safety Disclosures

Not
applicable.

57

PART
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

(a)
Market Information

Our
common stock and warrants are traded on The Nasdaq Global Market and The Nasdaq Capital Market, respectively, under the symbols “CDT”
and “CDTTW”, respectively. Prior to the completion of the Business Combination, the securities of MURF were listed on The
Nasdaq Global Market under the symbols “MURFU,” “MURF,” and “MURFW”, all of which are no longer listed
on The Nasdaq Global Market.

On
March 27, 2025, the last quoted sale price for our common stock as reported on Nasdaq was $0.77 per share.

(b)
Holders

As
of March 28, 2025, there were approximately 400 holders of record of our common stock. Such numbers do not include beneficial owners
holding our securities through nominee names.

(c)
Dividends

We
have never declared or paid any cash dividends on our capital stock, and we do not currently intend to pay any cash dividends for the
foreseeable future. We expect to retain future earnings, if any, to fund the development and growth of our business. Any future determination
to pay dividends on our common stock will be at the discretion of our board of directors and will depend upon, among other factors, our
financial condition, operating results, current and anticipated cash needs, plans for expansion, and other factors that our board of
directors may deem relevant.

(d)
Securities Authorized for Issuance Under Equity Compensation Plans

Reference
is made to the information contained in the Equity Compensation Plan table contained in Item 11 of this Annual Report.

(e)
Recent Sales of Unregistered Securities

There were no unregistered sales of equity securities which have not been
previously disclosed in a quarterly report on Form 10-Q or a current report on Form 8-K since January 1, 2024.

(f)
Use of Proceeds from Registered Offerings

None.

(g)
P