Conduit signs AI services deal with Sarborg; upfront $400K, up to $1.8M milestones

CDT Equity Inc.

Agreement with SARBORG for algorithmic AI/cybernetics services to optimize drug development, repurposing, and clinical trials.
Initial consideration: $200,000 cash + $200,000 via 2,272,727 shares (based on closing price on Dec 11).
Milestone payments up to $1.8M payable in cash or shares at Conduit's discretion.
Board member Dr. Andrew Regan serves on both boards (related party transaction).
Services span three phases: initial (0-24 weeks), development (24-36 weeks), ongoing (36-52 weeks).

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