CDT Equity Inc. has filed a certificate of amendment with the Delaware Secretary of State to implement a 1-for-25 reverse stock split of its common stock. The split is intended to ensure continued compliance with the Nasdaq bid-price rule. The transaction will become effective on September 28, 2026, at 5:00 p.m., Eastern Time.
As of the effective time, every 25 shares of issued and outstanding common stock will be combined into one share. The par value per share remains unchanged at $0.0001. The company anticipates that its common stock will begin trading on a split-adjusted basis on The Nasdaq Capital Market on September 29, 2026, under the existing ticker symbol, “CDT.” The new CUSIP number for the post-split stock is 20678X700.
Following the reverse stock split, the number of outstanding shares of common stock is expected to be reduced to approximately 1,124,515. Proportional adjustments will be made to the number of shares issuable upon the exercise of equity awards, convertible securities, and warrants, as well as the applicable exercise prices. No fractional shares will be issued; stockholders entitled to a fractional share will receive a cash payment in lieu thereof at a price equal to the fraction multiplied by the closing price per share on September 28, 2026.
The company’s transfer agent, Continental Stock Transfer & Trust Co., will serve as the exchange agent. Registered stockholders holding shares in book-entry form or through brokerage accounts are not required to take any action, as their positions will be automatically adjusted.
