secwatch.observer — SEC 8-K summary
======================================

Issuer:     CDT Equity Inc. (CDT)
CIK:        0001896212
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001493152-24-030568
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conduit Pharmaceuticals issues $2.65M secured note at 12%, 12.5M shares to Nirland
--------------------------------------------------------------------------------

- Senior Secured Promissory Note of $2,650,000 (incl. $500,000 OID), 12% interest, matures Aug 5, 2025.
- $1,675,000 funded at close; $475,000 due after resale registration declared effective.
- Issued 12,500,000 shares of common stock as Closing Common Stock.
- Note secured by all assets; personally guaranteed by board member Dr. Andrew Regan.
- Nirland gets right of first refusal to participate in future equity or debt offerings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1896212/000149315224030568/0001493152-24-030568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1896212/000149315224030568/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer