Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 228

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 228
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 number of years for CSFB. Mr. Fry is based in
Los Angeles. His expertise in capital markets and strategic asset management is expected to contribute to Conduit’s growth goals
as the company pursues development-ready assets and aims to enhance shareholder value.

Andrew
Regan. Dr. Regan is a British born polar explorer and entrepreneur. He has served as a member of our board of directors since
September 2023. He was a co-founder of Conduit Pharmaceuticals Limited and has served as a board member of Old Conduit since 2019. Dr.
Regan also founded Corvus Capital Limited and has been its Chief Executive Officer since 2008. Corvus Capital is an investment vehicle
that was previously listed on the London Stock Exchange prior to being taken private in 2008. Corvus Capital continues to invest in a
number of industries and sectors. Dr. Regan also has experience as an investor in a number of public and private companies, including
ASOS.com Ltd, a global online fashion and beauty retailer, Virtual Internet, an IT services company that specializes in hosting infrastructure
such as VMWare cloud hosting and Managed and Dedicated Servers, and Imperial Energy Corporation plc, an upstream oil and gas exploration
and production company. Prior to that, Dr. Regan was the Chief Executive Officer of Hobson Plc, which was listed on the London Stock
Exchange, until its sale in 1996 through a cash takeover. Dr. Regan has a strong interest in the use of bio-inspired science to create
solutions for present day problems. In 2014, he was awarded a PhD from Oxford Brookes University for his research in writing and developing
a bio-inspired algorithm for forecasting the financial markets. He is passionate about the polar regions and is an accomplished polar
explorer having led a number of expeditions to both the Arctic and Antarctica. Dr. Regan was selected to serve on our board of directors
following the Business Combination based on his knowledge of Old Conduit and his extensive experience in investing, financing, overseeing
and developing companies.

Board
Composition

Our
business and affairs are organized under the direction of our board of directors. The board of directors will meet on a regular basis
and additionally as required. In accordance with the terms of the amended and restated certificate of incorporation, the board of directors
may establish the authorized number of directors from time to time by resolution. Our board of directors currently consists of seven
directors.

Director
Independence