Conduit Pharmaceuticals announces 1-for-100 reverse stock split to meet Nasdaq bid price requirement

CDT Equity Inc.

Effective Jan 24, 2025 at 5pm ET; shares begin trading on split-adjusted basis Jan 27 under ticker CDT.
Every 100 shares combined into 1; no fractional shares; cash in lieu for fractional interests.
Post-split outstanding shares reduced to approximately 1.5 million.
Split intended to regain compliance with Nasdaq $1.00 minimum bid price requirement.

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