SplitJul 16, 2026, 08:12 AM
CDT Equity Inc. Announces 1-for-10 Reverse Stock Split
AI Summary
CDT Equity Inc. announced a 1-for-10 reverse stock split of its common stock, effective July 17, 2026, to maintain compliance with the Nasdaq bid-price rule. Trading on a split-adjusted basis is expected to commence on July 20, 2026, under the existing ticker symbol "CDT." Following the split, the number of outstanding shares will be reduced to approximately 631,077, with cash payments made for any fractional shares.
Key Highlights
- CDT Equity Inc. announced a 1-for-10 reverse stock split.
- The reverse stock split will become effective on July 17, 2026, at 5:00 p.m. ET.
- Common stock is expected to begin trading on a split-adjusted basis on Nasdaq on July 20, 2026.
- The split aims to ensure continued compliance with the Nasdaq bid-price rule.
- Post-split, the number of outstanding shares will be approximately 631,077.
- No fractional shares will be issued; stockholders will receive cash in lieu thereof.
- The new CUSIP number for the common stock will be 20678X601.
Price Impact
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