Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 120

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 120
---
    /s/
    Faith L. Charles
     
    Director
     
    March
    28, 2025
  
    Faith
    L. Charles

    /s/
    Chele Chiavacci Farley
     
    Director
     
    March
    28, 2025
  
    Chele
    Chiavacci Farley

    /s/
    Simon Fry
     
    Director
     
    March
    28, 2025
  
    Simon
    Fry

    /s/
    Andrew Regan
     
    Director
     
    March
    28, 2025
  
    Andrew
    Regan

93

CONDUIT
PHARMACEUTICALS INC.

INDEX
TO FINANCIAL STATEMENTS

    Page
  
    Audited
    Financial Statements of Conduit Pharmaceuticals Inc.:

    Report of Independent Registered Public Accounting Firm (PCAOB No. 688)
     
    F-2
  
    Consolidated Balance Sheets as of December 31, 2024 and 2023
     
    F-3
  
    Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended December 31, 2024 and 2023
     
    F-4
  
    Consolidated Statements of Changes in Stockholders’ Deficit for the years ended December 31, 2024 and 2023
     
    F-5
  
    Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023
     
    F-7
  
    Notes to Financial Statements
     
    F-8

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Shareholders and Board of Directors of

Conduit
Pharmaceuticals Inc.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Conduit Pharmaceuticals Inc. (the “Company”) as of December
31, 2024 and 2023, the related consolidated statements of operations and comprehensive income (loss), stockholders’ deficit and
cash flows for each of the two years in the period ended December 31, 2024, and the related notes (collectively referred to as the “financial
statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the
Company as of December 31,