other material
confidence high
sentiment negative
materiality 0.60
CDT Equity announces 1-for-10 reverse stock split to comply with Nasdaq bid-price rule
CDT Equity Inc.
- Reverse stock split effective July 17, 2026 at 5:00 pm ET; trading on split-adjusted basis July 20, 2026.
- Every 10 shares of common stock will combine into 1 share; outstanding shares reduced to approx 631,077.
- No fractional shares issued; stockholders entitled to fractional shares receive cash payment in lieu.
- CUSIP number for post-split common stock changes to 20678X601; ticker symbol remains CDT.
- Split intended to ensure continued compliance with Nasdaq minimum bid price requirement.