Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 812

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 812
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 surrendered and forfeited 10,062 Founder Shares. Following
such forfeiture, the Sponsor held 33,062 Founder Shares.

The
Sponsor agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to
occur of: (A) six months after the completion of our initial business combination, and (B) subsequent to the initial business combination
if we complete a liquidation, merger, stock exchange or other similar transaction that results in all of our public stockholders having
the right to exchange their public shares for cash, securities or other property. Notwithstanding the foregoing, the Sponsor shall have
the right to transfer its ownership in the Founder Shares at any time to the extent that it determines, in good faith, that such transfer
is necessary to ensure that it and/or any of its parents, subsidiaries or affiliates are in compliance with the Investment Company Act
of 1940. 

Private
Units

Contemporaneously
with the closing of the IPO and the exercise of the overallotment option, the Sponsor purchased an aggregate of 754,000 private units
of MURF in a private placement at a price of $10.00 per private unit. Each private unit consists of one Private Share and one Private
Warrant (the “Private Warrant”). The private units are identical to the units sold in the IPO except that the (a) the placement
units and their component securities will not be transferable, assignable or saleable until October 22, 2023 except to permitted transferees
and (b) the warrants and rights included as a component of the placement units, so long as they are held by the Sponsor or its permitted
transferees, will be entitled to registration rights, respectively. Additionally, the warrants underlying the placement units contain
a cashless exercise provision and shall be non-redeemable while held by the initial purchasers thereof or their permitted assignees.
The Sponsor had agreed not to transfer, assign or sell any of the private units and underlying securities (except in connection with
the same limited exceptions that the Private Shares may be transferred as described above) until after the Business Combination. In connection
with completion of the Business Combination, the Sponsor transferred 45,000 placement units (15,000 each) to each of Mrs. Knuettell and
Feinberg, former Directors of MURF, and Ms. Chiavacci Farley, former Director of MURF