CDT Equity sets 1-for-25 reverse stock split effective September 28

CDT Equity Inc. (Nasdaq: CDT) disclosed in an 8-K that its board approved a 1-for-25 reverse stock split of the company's common stock to ensure continued compliance with the Nasdaq bid-price rule.¹ The action follows earlier stockholder approval, since the company's stockholders had approved future reverse stock splits, their timing, and granted the board authority to determine future exact split ratios.¹

The split takes effect on a specific timetable. The reverse stock split becomes effective on September 28, 2026, at 5:00 pm Eastern Time, with the common stock expected to begin trading on a reverse stock split-adjusted basis on Nasdaq at market open on September 29, 2026, under the existing ticker "CDT."¹ Mechanically, every 25 shares of issued and outstanding common stock will be combined into one share as of the effective time.¹

Some terms remain unchanged while others adjust. Par value per share will remain unchanged at $0.0001.¹ Proportional adjustments will be made to shares issuable upon exercise of equity awards, convertible securities and warrants, including exercise prices, and to shares reserved under equity incentive plans.¹ The stock will carry a new CUSIP number of 20678X700¹ post-split, and outstanding shares will be reduced to approximately 1,124,515¹ once the split is effective.

No fractional shares will result. Stockholders otherwise entitled to a fractional share will receive a proportional cash payment instead.¹ The cash-in-lieu amount will be based on the fraction owed multiplied by the closing price of the adjusted common stock on Nasdaq on September 28, 2026.¹

Continental Stock Transfer & Trust Co., the company's transfer agent, will serve as exchange agent for the split.¹ Registered book-entry holders and brokerage/street-name holders require no action, as their positions will be adjusted automatically according to each broker's processes.¹

The certificate of amendment effecting the split was filed with the Delaware Secretary of State on September 24, 2026.¹