CDT Equity Inc. (CDT) Form 424B3 — Oct 13, 2026
CDT Equity Inc. filed a 424B3 prospectus supplement registering 673,023 resale shares and disclosing a $6,750,000 senior secured convertible note issued to J.J. Astor & Co. on October 6, 2026, funded $5,000,000 in two tranches with net first-tranche proceeds of only $2,869,850 after fees.
Key figures
- Debt Amount
- 6750000
- Interest Rate
- 24% per annum compounded daily upon default
- Maturity Date
- March 24, 2027
- Floor price
- $0.18354
- Nasdaq risk
- cumulative reverse splits exceeding 250:1 in two years — no compliance period available under Nasdaq Rule 5810(c)(3)(A)(iv)
- Funding amount
- 5000000
- Second tranche
- 2000000
- Warrant shares
- 225000
- Last sale price
- $0.66 (October 12, 2026)
- Conversion shares
- 140925
- Weekly installment
- 168750
- Conversion discount
- 70% of lowest 20-day closing price
- Reverse split ratio
- 1:25 (effective September 28, 2026)
- First tranche funded
- 3000000
- Existing note balance
- $2,675,805.50
- Warrant exercise price
- $0.9177
- Beneficial ownership cap
- 4.99% (increasable to 19.99%)
- Net first tranche proceeds
- 2869850
- Minimum bid price condition
- $3.00 for 5 trading days for second tranche
- Shares registered for resale
- 673023
AI analysis
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