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

Company: CDT Equity Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 25
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 to cash received in lieu of a fractional share could be treated as a dividend for U.S. federal income
tax purposes (which could be subject to U.S. federal income or withholding tax) instead of capital gain if such non-U.S. holder owns more
than a minimal amount of Common Stock and whose proportionate interest in the Company is not reduced (after taking into account certain
constructive ownership rules), or who exercises more than a minimal degree of voting or other type of control over the affairs of the
Company. Non-U.S. holders of our Common Stock should consult their own tax advisors to determine the extent to which their receipt of
cash in lieu of fractional shares could be treated as a dividend.

In general, backup withholding and information
reporting will not apply to payments of cash in lieu of a fractional share of our Common Stock to a non-U.S. holder pursuant to the Reverse
Stock Split if the non-U.S. holder certifies under penalties of perjury that it is a non-U.S. holder, and the applicable withholding agent
does not have actual knowledge to the contrary. Under certain circumstances the amount of cash paid to a non-U.S. holder in lieu of a
fractional share of our Common Stock, the name and address of the beneficial owner and the amount, if any, of tax withheld may be reported
to the IRS.

The foregoing summary is of a general nature only and is not intended to be, and should not be construed to be, legal, business, or tax advice to any particular Company holder. This summary does not take into account your particular circumstances and does not address consequences that may be particular to you. Therefore, you should consult your tax advisor regarding the particular U.S. federal income tax consequences of the Reverse Stock Split to you, including any tax consequences arising under U.S. federal estate or gift tax rules, or under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty.

Dissenters’ Rights of Appraisal

Under the General Corporation Law of the State
of Delaware (the “DGCL”), stockholders are not entitled to dissenters’ rights of appraisal in connection with the Reverse
Split.

Vote Required

To approve one or more amendments of
the Company’s Second Amended and Restated Certificate of Incorporation to effect one or more reverse stock splits of the Company’s
Common Stock, at a ratio ranging from any whole number between and including 1-for-2 and 1-for-100 and in the