Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 1092

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 1092
---
    Stock Price
     
    $
    9.10

    $
    10.40
      
    $6.90 
  
    Term (years)

    0.8

    0.7
      
     0.6 
  
    Corporate bond yield

    9.1
    %

    8.7
    % 
     11.4%
  
    Credit Spread

    15.9
    %

    15.9
    % 
     15.9%

    Probability of default 
     40% 
     40% 
     40%

    Recovery upon default 
     20% 
     20% 
     20%

    Volatility

    103.2
    %

    96.5
    % 
     123.7%

The
following table outlines the range of significant unobservable inputs used in calculating the fair value of the A.G.P. Convertible
Note as of the dates noted below:

Schedule
of Fair Value  of Assumptions

    November 25,
                                               2024
      
    December 31,
                                                                                2024 
  
    Stock Price
     
    $
    9.10
      
    $6.90 
  
    Term (years)

    1
      
     0.9 
  
    Corporate bond yield

    8.8
    % 
     9.0%
  
    Credit Spread

    26.2
    % 
     26.2%
  
    Probability of Default

    40
    % 
     40%
  
    Recovery upon default

    0
    % 
     0%
  
    Volatility

    108.7
    % 
     101.6%

    F-16

Liability
Classified Warrants

The
PIPE Warrants, A.G.P. Warrants, and A.G.P. 2024 Warrants, as defined in Note 18, are accounted for as liabilities in accordance with ASC 815-40 and are presented
within Warrant liabilities in the consolidated balance sheets. Warrant liabilities are measured at fair value at inception and on a recurring
basis, with changes in fair value presented within other income (expense), net in the consolidated statements of operations and comprehensive
income (loss).

The
measurement of the PIPE Warrants and the measurement