Corvus Capital floats $2.00/share offer to take CDT Equity private

CDT Equity Inc. disclosed in an 8-K dated November 5, 2026 that Dr. Andrew Regan, the former CEO of CDT Equity, delivered a letter to the company's board as a significant stockholder, through his own shareholding and his beneficial ownership of Corvus Capital Limited and Manoira Limited.¹

The letter said that, barring a competing offer from the board, Corvus intends to make a non-binding proposal to acquire all of CDT Equity's outstanding common stock at $2.00 per share, a price the letter said represents a 96.3% premium, on a post-split basis, to the stock's closing price on November 4, 2026.¹

In response, the board plans to form a special committee of independent directors to review, negotiate, and vote on the proposal.¹ The committee will also weigh any other transaction proposals or strategic alternatives that may arise, and will take whatever steps it deems necessary to properly evaluate the offer.¹

CDT Equity cautioned that no formal terms have been set. Beyond the intent expressed in the letter, the special committee has not received definitive terms of the proposal and has not made any decision on it.¹ The company and the committee said they are not obligated to provide further updates on the proposal or any other transaction unless required by law or regulation.¹ The filing added that there is no assurance any transaction will result from the committee's review, or, if one does, what its timing or terms might be.¹

The filing was signed by James Bligh, listed as Chief Executive Officer and Chief Financial Officer, on November 9, 2026.