Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 810

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 810
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 to a pledge agreement with respect to such
    arrangement. The business address of Corvus Capital Limited is Floor 2, Willow House, Cricket Square PO Box 709 Grand Cayman KY1-1107,
    Cayman Islands.

    (7)
    Consists
    of (i) 20,033 shares received pursuant to the Agreement and Plan of Merger, dated as of November 8, 2022 and as amended on January
    27, 2023 and May 11, 2023, by and among the Company, Conduit and the Merger Sub and (ii) options to purchase 4,945 shares of Common
    Stock that are currently exercisable and, (iii) warrants to purchase 6,009 shares of Common Stock. Excludes 6,436 options to purchase shares of Common Stock that are not exercisable within 60 days.

    (8)
    Consist of 2,000 shares of common stock and excludes 4,200 options
to purchase shares of Common Stock that are not exercisable within 60 days.

Item
13. Certain Relationships and Related Transactions, and Director Independence

In
addition to the compensation arrangements with directors and executive officers described under the sections titled “Executive
Compensation” and “Management,” the following is a description of each transaction since January 1, 2023 and each currently
proposed transaction, in which:

    ●
    we
    have been or are to be a participant;

    ●
    the
    amount involved exceeds or will exceed $120,000; and

    ●
    any
    of our directors, executive officers, or beneficial holders of more than 5% of our capital stock, or any immediate family member
    of, or person sharing the household with, any of these individuals (other than tenants or employees), had or will have a direct or
    indirect material interest.

Policies
and Procedures for Related Party Transactions

Our
board of directors adopted a policy, at the closing of the Business Combination, with respect to the review, approval, and ratification
of related party transactions. Under the policy, the audit committee of the board of directors is responsible for reviewing and approving
related party transactions. In the course of its review and approval of related party transactions, the audit committee will consider
the relevant facts and circumstances to decide whether to approve such transactions. In particular, the policy requires the audit committee
to consider, among other