Company: CDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010405
Chunk: 42

Company: CDT Equity Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 Gain on waiver of accrued interest 
     371  
     - 
  
    Gain on the issuance of shares for services 
     70  
     - 
  
    Total other income: 
     1,083  
     28 
  
    Other expense: 

    Loss on the change in fair value of convertible notes payable 
     2,044  
     - 
  
    Interest expense 
     176  
     119 
  
    Loss on issuance of warrants 
     -  
     502 
  
    Unrealized foreign currency transaction loss 
     -  
     4 
  
    Total other expense 
     2,220  
     625 
  
    Total other expense, net 
    $(1,137) 
    $(597)

14.
Warrants

Equity
Classified Warrants

The
Publicly Traded Warrants, Private Placement Warrants, March 2024 Warrants, and the April 2024 Warrants (collectively the “Equity
Classified Warrants”), are classified within permanent equity on the condensed consolidated balance sheets, as
the settlement amount would equal the difference between the fair value of a fixed number of shares and a fixed monetary amount (or a
fixed amount of a debt instrument).

Publicly
Traded and Private Placement Warrants

Pursuant
to MURF’s initial public offering, the Company sold 132,250 units at a price of $1,000 per unit. Each unit consisted of one share
of MURF Class A common stock and one redeemable warrant “the “Publicly Traded Warrant”). Each whole Publicly Traded
Warrant entitled the holder to purchase one share of Class A common stock at a price of $1,150 per share, subject to adjustment. The
warrants are publicly traded on The Nasdaq Capital Market under the trading symbol CDTTW.

Simultaneously
with the closing of its initial public offering, MURF consummated the private sale to the Sponsor of 7,540 private placement units at
a price of $1,000 per private placement unit. Each private placement unit was comprised of one share of MURF Class A common stock and
one warrant (the “Private Placement Warrant”). Each Private Placement Warrant was exercisable to purchase one share of MURF
Class A common stock at a price of $1,150 per share, subject to