Company: CDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022373
Chunk: 82

Company: CDT Equity Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 82
---
 initial
public offering, (ii) the last day of the fiscal year in which the combined entity has total annual gross revenue of at least $1.235
billion, (iii) the last day of the fiscal year in which the combined entity is deemed to be a large accelerated filer, which means the
market value of the combined entity’s Common Stock that is held by non-affiliates exceeds $700.0 million as of the prior December
31st or (iv) the date on which the combined entity has issued more than $1.0 billion in non-convertible debt securities during the prior
three year period.

In addition, CDT Equity is a smaller reporting company as defined in the
Securities Exchange Act of 1934 (as amended, the “Exchange Act”). The Company may continue to be a smaller reporting company
even after we are no longer an emerging growth company. We may take advantage of certain of the scaled disclosures available to smaller
reporting companies and will be able to take advantage of these scaled disclosures for so long as (i) CDT Equity’s voting and non-voting
Common Stock held by non-affiliates is less than $250.0 million measured on the last business day of our second fiscal quarter or (ii)
CDT Equity’s annual revenue is less than $100.0 million during the most recently completed fiscal year and its voting and non-voting
Common Stock held by non-affiliates is less than $700.0 million measured on the last business day of its second fiscal quarter.

Item
3. Quantitative and Qualitative Disclosures About Market Risk.

As
a smaller reporting company, we are not required to provide disclosure regarding quantitative and qualitative market risk.

Item
4. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded,
processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is
accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Under
the supervision and with the participation of our principal executive officer and principal financial officer, we conducted an evaluation
of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended September 30, 2025 and for the
comparison fiscal quarter ended