Conduit Pharmaceuticals repays $600K note; lender converts $1.7M Senior Note

CDT Equity Inc.

Paid full principal of $600,000 promissory note on Feb 7, 2025; note bore 12% interest and matured Oct 31, 2025.
Nirland Limited converted ~$1.7M of $2.65M Senior Note principal into common shares as of Feb 10, 2025.
Senior Note issued Aug 6, 2024 with 12% interest and $500,000 original issuance discount.
Both transactions reduce Conduit's outstanding debt obligations.

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