CDT Equity to Implement 1-for-25 Reverse Stock Split, Shrinking Share Count
CDT Equity Inc.'s board approved a 1-for-25 reverse stock split effective March 26, 2026, consolidating every 25 shares into one and reducing outstanding shares to 4.72 million. Shares will trade on Nasdaq from March 27, 2026, under CUSIP 20678X502, with fractional shares settled in cash.
1. Reverse Split Approval
On March 25, 2026, CDT Equity Inc.’s board approved a 1-for-25 reverse stock split of its common shares and received stockholder authorization for future splits and timing, granting the board authority to set exact ratios for any subsequent corporate actions.
2. Effective Date and Trading
The reverse split will become effective at 5:00 pm Eastern Time on March 26, 2026, and post-split shares will begin trading on Nasdaq under the existing symbol on March 27, 2026, with a new CUSIP number 20678X502.
3. Equity Awards and Capitalization Adjustments
As of the effective date, every 25 issued and outstanding shares will convert into one share with par value unchanged at $0.0001, and proportional adjustments will apply to equity awards, convertible securities, warrants, and authorized shares under equity incentive plans.
4. Fractional Share Handling and Transfer Agent
No fractional shares will be issued; holders entitled to fractions will receive cash payments, and Continental Stock Transfer & Trust Co. will serve as exchange agent, while book-entry and street-name positions will be adjusted automatically without holder action.