---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-032854"
form_type: "8-K"
ticker: "CDT"
cik: "0001896212"
company_name: "CDT Equity Inc."
filed_at: "2024-08-16T23:59:59+00:00"
generated_at: "2026-05-31T08:53:45.210587+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Conduit Pharmaceuticals receives Nasdaq delisting notices; discloses 31% of shares pledged without company knowledge

## Summary
- Nasdaq notified Conduit on Aug 15, 2024 for non-compliance: MVPHS <$15M and MVLS <$50M; 180-day cure period until Feb 11, 2025.
- Company disclosed that a director's subsidiary pledged a substantial amount of shares without company knowledge.
- Approximately 30M shares (31% of outstanding) are subject to a third-party pledge with a significant stockholder.
- Board formed a Special Committee to review pledge transactions and a Trading Review Committee to investigate trading patterns.

## SEC filing metadata
- accession: 0001493152-24-032854
- form_type: 8-K
- ticker: CDT
- cik: 0001896212
- company_name: CDT Equity Inc.
- filed_at: 2024-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1896212/000149315224032854/0001493152-24-032854-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1896212/000149315224032854/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-032854
- JSON: https://secwatch.observer/filing/0001493152-24-032854.json
- Plain text: https://secwatch.observer/filing/0001493152-24-032854.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.