CDT Equity issued 12,131,122 common shares after investors exercised all pre-funded warrants on a cashless basis. The company had 13,693,866 shares outstanding as of August 31, while its stated market Capitalization was approximately $23.0 million. CDT Equity said it no longer had outstanding deficiencies with Nasdaq.

Key Highlights

  • Pre-funded warrants covered the potential purchase of 12,131,770 common shares.
  • CDT Equity’s common stock carried a Par Value of $0.0001 per share.
  • Stockholders approved the share issuance at the August 28, 2026 annual meeting.

The company said the transactions resulted in no remaining deficiencies with The Nasdaq Stock Market LLC.

12.1M-Share Warrant Conversion Completed

Stockholders approved the common-stock issuance at the August 28, 2026 annual meeting. The pre-funded warrants were issued to certain stockholders of Sarborg Limited under a July 30, 2026 Securities Purchase Agreement and covered the purchase of 12,131,770 shares. The warrants were exercised in full without a cash payment, resulting in the issuance of 12,131,122 common shares. The stock has a par value of $0.0001 per share. James Bligh signed on behalf of CDT Equity (NASDAQ: CDT) on September 1 as chief executive officer and chief financial officer.

$23.0M Market Capitalization and Nasdaq Status

Based on the August 31 closing price of its common stock, CDT Equity’s market capitalization was approximately $23.0 million. Stockholders’ equity was approximately $103 million in the Quarterly Report for the quarter ended June 30, 2026. The company said it therefore no longer had any outstanding deficiencies with Nasdaq.