CDT Equity approves 1-for-10 reverse stock split, effective July 17

CDT Equity Inc. said its board approved a 1-for-10 reverse stock split of the company's common stock, a move intended to keep the company in compliance with Nasdaq's bid-price rule.¹ The company noted that its stockholders had already approved future reverse stock splits and their timing, giving the board authority to set the exact split ratios.¹

The split takes effect on July 17, 2026 at 5:00 p.m. Eastern Time, with the stock expected to begin trading on a split-adjusted basis on Nasdaq under the ticker "CDT" at market open on July 20, 2026.¹ Under the terms, every 10 shares of issued and outstanding common stock will be combined into one share as of the effective time.¹ The par value will stay at $0.0001 per share, and proportional adjustments will apply to shares issuable under equity awards, convertible securities and warrants, along with their exercise prices, and to shares reserved under equity incentive plans.¹

Following the split, the stock will keep trading under "CDT" but with a new CUSIP number, 20678X601.¹ The company said outstanding shares will fall to approximately 631,077 after the split takes effect.¹ No fractional shares will be issued; holders otherwise entitled to a fractional share will instead receive a proportional cash payment.¹

Continental Stock Transfer & Trust Co. will handle the exchange process, and stockholders holding shares electronically or through brokers in street name do not need to take any action to receive their post-split shares.¹ The related certificate of amendment was filed with the Delaware Secretary of State on July 15, 2026.¹