CDT Equity issues pre-funded warrants for 12,131,770 shares in Sarborg stake deal - CDT News | RalliesCDT Equity issues pre-funded warrants for 12,131,770 shares in Sarborg stake deal
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CDT• Pre-funded warrants issued in Sarborg stake deal
- CDT Equity entered a securities purchase agreement to issue pre-funded warrants for up to 12,131,770 common shares in exchange for Sarborg shares.
- Pre-funded warrants carry a $0.0001 per-share exercise price, subject to adjustment.
- Exercise is blocked until stockholder approval under Nasdaq rules for issuances above the 19.99% threshold.
- Company to use commercially reasonable efforts to file a resale registration statement for the warrant shares within 60 days of closing.
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