CDT Equity Inc. (CDT) Form 8-K — Oct 13, 2026
$CDTForm 8-KItems 1.01, 2.03, 3.02, 9.01Filed Oct 13, 2026, 8:00 AM ET0001493152-26-046738Original filing
CDT Equity Inc. issued a senior secured convertible note to J.J. Astor & Co. on October 6, 2026, with a $6.75 million principal amount funded as $5.0 million in two tranches, maturing March 24, 2027, repayable in 24 weekly installments of $168,750.
Key figures
- Debt Amount
- $6,750,000 principal ($5,000,000 funding in two tranches)
- Interest Rate
- 24% per annum compounded daily upon default
- Maturity Date
- March 24, 2027
- Warrants
- 225,000 shares at $0.9177 exercise price
- Floor price
- $0.18354, resetting to 20% of lowest 20-day price
- Weekly installment
- $168,750 (24 weekly payments)
- Conversion discount
- 70% of lowest 20-day closing price
- First tranche funded
- $3,000,000 (net proceeds $2,869,850)
- Existing note balance
- $2,675,805.50
- Reverse split history
- 1-for-25 effective September 28, 2026; cumulative ratio exceeding 250-to-one in two years
- Closing price oct 5 2026
- $0.9177
- Second tranche conditions
- $2,000,000 conditional on $3.00 minimum bid for 5 days, registration effectiveness, stockholder approval by November 13, 2026
- Required split price target
- not less than $5.00 per share, effective on or before October 21, 2026
AI analysis
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