Company: CDT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006259
Chunk: 12

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 12
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, the listing of our shares on The Nasdaq Global Market may be halted or discontinued if we are unable
to maintain compliance with any other Nasdaq continued listing requirement for any reason.

Potential Increased Investor Interest

On April 21, 2025, the closing price of a share
of our Common Stock on Nasdaq was $0.5480 per share. An investment in our Common Stock may not appeal to brokerage firms that are reluctant
to recommend lower priced securities to their clients. Investors may also be dissuaded from purchasing lower priced stocks because the
brokerage commissions, as a percentage of the total transaction, tend to be higher for such stocks. Moreover, the analysts at many brokerage
firms do not monitor the trading activity or otherwise provide coverage of lower priced stocks. Also, our management believes that most
investment funds are reluctant to invest in lower priced stocks.

There are risks associated with any
Reverse Stock Split, including that any Reverse Stock Split may not result in an increase in the per share price of our Common
Stock.

We cannot predict whether any
Reverse Stock Split will increase the market price for our Common Stock in the future. 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 our Common Stock after a Reverse Stock Split will rise in proportion to the reduction in the number of shares of our Common        
 Stock outstanding before the Reverse Stock Split;                                                                                     |
| ● | a                                                                                                                                     
 Reverse Stock Split will result in a per share price that will attract brokers and investors who do not trade in lower priced stocks; |
| ● | a                                                                                                                                     
 Reverse Stock Split 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 either exceed or remain in excess of the $1.00 minimum bid price as required by Nasdaq for continued listing, or that we will    
 otherwise meet the requirements of Nasdaq for inclusion for trading on The Nasdaq Capital Market following any Reverse Stock Split.   |

| 8 |

Board Discretion to Implement One or More Reverse Stock Splits

The Board believes that stockholder
approval of one or more Amendments to effect a Reverse Stock Split in a range of ratios (as opposed to a single Reverse Stock
Split Ratio) and to authorize one or more Amendments is in the best interests of the Company and stockholders because it is not
possible to