secwatch.observer — SEC 8-K summary
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Issuer:     CDT Equity Inc. (CDT)
CIK:        0001896212
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001493152-24-051089
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq notifies Conduit of delisting due to low price; shareholders approve reverse stock split
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1896212/000149315224051089/0001493152-24-051089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1896212/000149315224051089/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-051089

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