CDT Equity Inc. (CDT): Nasdaq/NYSE listing notice — Nasdaq notifies Conduit of delisting due to low price; shareholders approve reverse stock split

CDT Equity Inc.

Closing bid price ≤ $0.10 for 10 consecutive days; delisting set for Dec 27 unless hearing requested.
Company intends to request a hearing before Nasdaq Hearings Panel; delisting stayed pending decision.
Stockholders approved a reverse stock split at ratio between 1-for-10 and 1-for-100 at Dec 18 annual meeting.
Simon Fry appointed director and Audit Committee member; granted option for 420,000 shares on Dec 18.
Nasdaq confirmed compliance with audit committee requirements after Fry's appointment.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

CDT Equity Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)(iii)

Exact text from the filing

December 17, 2024, Nasdaq issued a letter to the Company that as of December 17, 2024, it determined that the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. Accordingly, the Company is subject to the provisions contemplated under Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule” together with the Rule, the “Rules”). As a result, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), Nasdaq has determined to delist the Company’s securities from The Nasdaq Stock Market on December 27, 2024. Accordi

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CDT Equity Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-051089

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