Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 174

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 174
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    Expected volatility (%) 
     83.2 - 85.4% 
     79.0% - 80.0%
  
    Expected term (years) 
     5.5 - 5.6  
     3.5 - 6.5 
  
    Risk-free interest rate (%) 
     4.28% - 4.40% 
     4.16% - 4.35%
  
    Expected dividend yield (%) 
     0% 
     0%

The
Company accounts for forfeitures as they occur, which may result in the reversal of compensation costs in subsequent periods as the forfeitures
arise.

The
following table summarizes stock option activity for the 2023 Plan:

Schedule
of Stock Option Activity 

    Number of Options  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (years)  
    Aggregate
                                                                                Intrinsic Value (in thousands) 
  
    Outstanding at December 31, 2023 
     10,717  
    $551  
     8.85  
    $        - 
  
    Granted 
     56,700  
    $8.58  
     -  
    $- 
  
    Cancelled/forfeited 
     1,908  
    $551  
     -  
    $- 
  
    Exercised 
     -  
    $-  
     -  
    $- 
  
    Outstanding at December 31, 2024 
     65,509  
    $81.52  
     9.72  
    $- 
  
    Exercisable 
     23,154  
    $84.18  
     9.66  
    $- 
  
    Unvested 
     42,355  
    $80.07  
     9.76  
    $- 

    F-28

The
aggregate intrinsic value of options is calculated as the difference between the exercise price of the underlying options and the fair
value of the Company’s common stock for those options that had exercise prices lower than the fair value of the Company’s
common stock. As of December 31, 2024, the total compensation cost related to non-vested option awards not yet recognized was $2.4 million
with a weighted