Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 17

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 17
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 result of any Reverse Stock Split, upon the
applicable Reverse Stock Split Effective Time, the stated capital on our balance sheet attributable to the Common Stock, which consists
of the par value per share of the Common Stock multiplied by the aggregate number of shares of Common Stock issued and outstanding, will
be reduced in proportion to the size of the applicable Reverse Stock Split, subject to a minor adjustment in respect of the treatment
of fractional shares, and the additional paid-in capital account will be credited with the amount by which the stated capital is reduced.
Our stockholders’ equity, in the aggregate, will remain unchanged.

Procedure For Effecting One or More Reverse Stock Splits

If the stockholders approve the Amendments,
and if the Board determines to effect a Reverse Stock Split, such Reverse Stock Split will become effective at the Reverse Stock Split
Effective Time, which will be upon the date and time as indicated in any such filing of the certificate of amendment setting forth
the applicable Amendment related to such Reverse Stock Split with the Secretary of State. At the applicable Reverse Stock Split Effective
Time, shares of Common Stock issued and outstanding immediately prior thereto will be combined, automatically and without any action
on the part of the stockholders, into a smaller number of shares of Common Stock, as applicable, in accordance with the particular
Reverse Stock Split Ratio contained in the applicable Amendment.

As soon as practicable after the applicable Reverse
Stock Split Effective Time, stockholders of record will be notified that a Reverse Stock Split has been effected. Stockholders of record
will not need to take any action to receive post-Reverse Stock Split shares of Common Stock. As soon as practicable after the Reverse
Stock Split Effective Time, a transmittal letter along with a statement of ownership will be sent to the registered addresses of stockholders
of record indicating the number of post-Reverse Stock Split shares of Common Stock stockholders of record hold.

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Upon the implementation of any Reverse Stock Split,
we intend to treat shares of Common Stock held by stockholders in “street name” (i.e., through a bank, broker, custodian,
or other nominee), in the same manner as registered “book-entry” holders of Common Stock. Banks, brokers, custodians or other
nominees will be instructed to effect such Reverse Stock Split for their beneficial holders holding Common Stock in street name. However,
these banks, brokers, custodians or other nominees may have different procedures than registered stockholders for processing a Reverse
Stock Split