{"id":982215,"date":"2026-07-16T08:17:28","date_gmt":"2026-07-16T12:17:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cdt-equity-inc-announces-reverse-stock-split-2\/"},"modified":"2026-07-16T08:17:28","modified_gmt":"2026-07-16T12:17:28","slug":"cdt-equity-inc-announces-reverse-stock-split-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cdt-equity-inc-announces-reverse-stock-split-2\/","title":{"rendered":"CDT Equity Inc. Announces Reverse Stock Split"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NAPLES, Fla. and CAMBRIDGE, United Kingdom, July  16, 2026  (GLOBE NEWSWIRE) &#8212; CDT Equity Inc. (Nasdaq: CDT) (\u201cCDT\u201d or the \u201cCompany\u201d), announces that its board of directors has approved a 1-for-10 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios.<\/p>\n<p align=\"justify\">The reverse stock split will become effective on July 17, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, \u201cCDT\u201d on July 20, 2026, the date which has been approved by Nasdaq for the effectiveness of such split.<\/p>\n<p align=\"justify\">As of the Effective Time, every 10 shares of the Company\u2019s issued and outstanding common stock will be combined into one share of common stock. The par value per share of the Company\u2019s common stock will remain unchanged at $0.0001. Proportional adjustments will be made to the number of shares of common stock issuable upon the exercise of the Company\u2019s equity awards, convertible securities and warrants, as well as the applicable exercise price, and the number of shares authorized and reserved for issuance pursuant to the Company\u2019s equity incentive plans.<\/p>\n<p align=\"justify\">The Company\u2019s common stock will continue to trade on Nasdaq under the symbol \u201cCDT\u201d following the reverse stock split, with a new CUSIP number of 20678X601. After the effectiveness of the reverse stock split, the number of outstanding shares of common stock will be reduced to approximately 631,077. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to a fractional share will receive a proportional cash payment.<\/p>\n<p align=\"justify\">The Company\u2019s transfer agent, Continental Stock Transfer &amp; Trust Co., will serve as the exchange agent for the reverse stock split. Registered stockholders holding pre-reverse stock split shares of common stock electronically in book-entry form are not required to take any action to receive post-reverse stock split shares. Those stockholders who hold their shares in brokerage accounts or in \u201cstreet name\u201d will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker\u2019s particular processes, and will not be required to take any action in connection with the reverse stock split.<\/p>\n<p align=\"justify\">\n        <strong>About CDT Equity Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">CDT Equity Inc. (NASDAQ: CDT) is a data-driven biopharmaceutical development company focused on identifying, enhancing, and advancing high-potential therapeutic assets through scientific innovation and strategic partnerships. Originally established as Conduit Pharmaceuticals, the company has evolved into a broader, more agile platform that leverages artificial intelligence, solid-form chemistry, and efficient asset repositioning to accelerate the development of novel treatments. Looking ahead, CDT are committed to creating shareholder value through licensing, strategic M&amp;A, and positioning the company as a platform for transformative innovation.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains certain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical facts contained in this press release, including statements regarding CDT\u2019s future results of operations and financial position, CDT\u2019s business strategy, prospective product candidates, product approvals, research and development costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated studies and business endeavors with third parties, and future results of current and anticipated product candidates, are forward-looking statements. These forward-looking statements generally are identified by the words \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result,\u201d and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to; the effect that the reverse stock split may have on the price of the Company\u2019s common stock; the ability or inability to maintain the listing of CDT\u2019s securities on Nasdaq; the ability to recognize the anticipated benefits of the business combination completed in September 2023, which may be affected by, among other things, competition; the ability of the combined company to grow and manage growth economically and hire and retain key employees; the risks that CDT\u2019s product candidates in development fail clinical trials or are not approved by the U.S. Food and Drug Administration or other applicable authorities on a timely basis or at all; changes in applicable laws or regulations; the possibility that CDT may be adversely affected by other economic, business, and\/or competitive factors; and other risks and uncertainties identified in other filings made by CDT with the U.S. Securities and Exchange Commission. Moreover, CDT operates in a very competitive and rapidly changing environment. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond CDT\u2019s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law, CDT assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. CDT gives no assurance that it will achieve its expectations.<\/p>\n<p align=\"justify\">\n        <strong>Investors<br \/><\/strong>CDT Equity Inc.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9whnVPUa_pG_knZZjB3v_9csoo2RvFftHkeWJ52PZ4q4f8YaDO-QJKr6m78cr1QwCby1thN83Tkko8tk46aFfwVp4-VUXSyJLlfJnsJTwRk=\" rel=\"nofollow\" target=\"_blank\">Info@cdtequity.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2MzMxMyM3NzA5MzM0IzIyNjI1NTI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDQyZjcwYmMtMTcwOS00ODY3LWI4ZWMtMWZmNzY0ZTBmZWQ3LTEyNzQxMDItMjAyNi0wNy0xNi1lbg==\/tiny\/CDT-Equity-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NAPLES, Fla. and CAMBRIDGE, United Kingdom, July 16, 2026 (GLOBE NEWSWIRE) &#8212; CDT Equity Inc. (Nasdaq: CDT) (\u201cCDT\u201d or the \u201cCompany\u201d), announces that its board of directors has approved a 1-for-10 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios. The reverse stock split will become effective on July 17, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cdt-equity-inc-announces-reverse-stock-split-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CDT Equity Inc. Announces Reverse Stock Split&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-982215","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDT Equity Inc. Announces Reverse Stock Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cdt-equity-inc-announces-reverse-stock-split-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDT Equity Inc. Announces Reverse Stock Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NAPLES, Fla. and CAMBRIDGE, United Kingdom, July 16, 2026 (GLOBE NEWSWIRE) &#8212; CDT Equity Inc. (Nasdaq: CDT) (\u201cCDT\u201d or the \u201cCompany\u201d), announces that its board of directors has approved a 1-for-10 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios. The reverse stock split will become effective on July 17, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, &hellip; Continue reading &quot;CDT Equity Inc. 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The reverse stock split will become effective on July 17, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, &hellip; Continue reading \"CDT Equity Inc. 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