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

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 14
---
 public announcement
regarding the determination of each such Reverse Stock Split and the applicable Reverse Stock Split Ratio.

Certain Risks Associated with One or More Reverse Stock Splits

There are risks associated with effecting one
or more Reverse Stock Splits, including that any such Reverse Stock Splits may not result in an increase in the per share price of Common
Stock.

| 9 |

The Company cannot predict whether one or more
Reverse Stock Splits will increase the market price for the Common Stock. The history of similar stock split combinations for companies
in like circumstances is varied. There is no assurance that:

● the market price per share of the Common Stock after one or more Reverse Stock Splits will rise in proportion to the reduction in the number of shares of the Common Stock outstanding before such Reverse Stock Splits;

● one or more Reverse Stock Splits will result in a per share price that will attract brokers and investors who do not trade in lower-priced stocks;

● one or more Reverse
Stock Splits will result in a per share price that will increase the ability of the Company to attract and retain employees; or

● the market price per
share will achieve and maintain the stock price required to not be considered unsuitable for continued trading on the Nasdaq.

The market price of the Common Stock will also
be based on the performance of the Company, and other factors, some of which are unrelated to the number of shares outstanding. If one
or more Reverse Stock Splits are effected and the market price of the Common Stock declines, the percentage decline as an absolute number
and as a percentage of the overall market capitalization of the Company may be greater than would occur in the absence of one or more
Reverse Stock Splits. Furthermore, the liquidity of the Common Stock could be adversely affected by the reduced number of shares that
would be outstanding after one or more Reverse Stock Splits.

Effects of One or More Reverse Stock Splits

The form of certificate of amendment
setting forth an Amendment to effect a Reverse Stock Split is set forth in Annex A to this proxy statement.

If implemented, the Reverse Stock Split will be
effected simultaneously for all issued shares of our Common Stock. The Reverse Stock Split will affect all of the Company’s stockholders
uniformly and will not affect any stockholder’s percentage ownership interest in the Company, except with respect to the treatment
of fractional shares. The Reverse Stock Split will not change the terms of our Common Stock. Additionally, the Reverse Stock Split will
have no effect on