Company: CDT
Filing Date: 2025-02-05
Form Type: S-3
Source: 0001493152-25-005052
Chunk: 4

Company: CDT Equity Inc.
Filing Date: 2025-02-05
Form: S-3
Chunk 4
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 be offered and sold. When the Selling Stockholders sell shares of Common Stock under this prospectus, we may, if necessary and required by law, provide a prospectus supplement that will contain specific information about the terms of that offering. Any prospectus supplement may also add to, update, modify or replace information contained in this prospectus. We urge you to read carefully this prospectus, any accompanying prospectus supplement and any documents we incorporate by reference into this prospectus and any accompanying prospectus supplement before you make your investment decision.

Our Common Stock is traded on The Nasdaq Global Market under the trading symbol “CDT.” On February 4, 2025, the last reported sale price of our Common Stock on The Nasdaq Global Market was $1.80.

On December 18, 2024 our stockholders approved a reverse split of our outstanding shares of Common Stock (the “Reverse Stock Split”) by a ratio within the range of 1-for-10 to 1-for-100, to be effective at the ratio and date to be determined by our Board of Directors. Our Board of Directors subsequently determined that the ratio of the Reverse Stock Split shall be 1-for-100. Following such approval, we filed an amendment to our second amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, with an effective time of 5:00 p.m. Eastern Time on January 24, 2025. As a result of the Reverse Stock Split, every 100 shares of our Common Stock, either issued or outstanding, immediately prior to the filing and effectiveness of our amendment to our second amended and restated certificate of incorporation filed with the Secretary of State of the State of Delaware, was automatically combined and converted (without any further act) into one share of fully paid and nonassessable share of Common Stock. No fractional shares will be issued as a result of the Reverse Stock Split. Stockholders of record who would otherwise be entitled to receive a fractional share of Common Stock will receive a cash payment in lieu thereof at a price equal to the fraction to which the stockholder would otherwise be entitled multiplied by the closing price per share of the Common Stock (as adjusted for the Reverse Stock Split) on the Nasdaq Global Market on January 24, 2025.The Reverse Stock Split had the effect of reducing the aggregate number of outstanding shares of Common Stock from 179,839,001 shares on a pre-reverse split basis to a total of 1