CDT Equity Inc. filed a Form 8-K on November 4, 2026, disclosing a 1-for-20 reverse stock split of its common stock, with the amendment to its certificate of incorporation filed with the Delaware Secretary of State on November 2, 2026.

Key Highlights

  • Reverse split ratio: Every 20 shares of issued and outstanding Common Stock will be combined into one share, effective November 5, 2026, at 5:00 p.m. Eastern Time.
  • Trading adjustment date: Common Stock is expected to begin trading on a split-adjusted basis on November 6, 2026, at market open under the existing ticker symbol "CDT."
  • Share count reduction: Outstanding shares will be reduced from 20,357,283 to approximately 1,017,864 shares of Common Stock.
  • New CUSIP: The post-split Common Stock CUSIP number will be 20678X809.
  • Fractional shares: No fractional shares will be issued; stockholders entitled to a fractional share will receive a cash payment based on the closing price per share on November 5, 2026, multiplied by the applicable fraction.
  • Par value unchanged: The par value of $0.0001 per share and other terms of the Common Stock will not be affected by the reverse stock split.
  • Board authority: The company's stockholders had previously approved future reverse stock splits and granted the board of directors authority to determine split ratios and timing to maintain compliance with Nasdaq Listing Rules.

CDT Equity Files Certificate of Amendment for 1-for-20 Reverse Stock Split

According to the filing, CDT Equity Inc. (NASDAQ:CDT) filed a certificate of amendment to its Second Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on November 2, 2026, to effectuate the reverse stock split. The company disclosed that the split is intended to maintain compliance with Nasdaq Listing Rules, and that stockholders had previously authorized the board to determine the exact split ratios and the timing of any such action.

The filing states that the Reverse Stock Split becomes effective on November 5, 2026, at 5:00 p.m. Eastern Time, with split-adjusted trading expected to commence on November 6, 2026. As of the effective time, the outstanding share count is reported to decrease from 20,357,283 shares to approximately 1,017,864 shares. The company noted that the par value and other terms of the Common Stock will remain unchanged.

Regarding fractional shares, the filing states that no fractional shares will be issued. Stockholders of record who would otherwise be entitled to a fractional share will instead receive a cash payment equal to the fraction to which the stockholder would otherwise be entitled, multiplied by the closing price per share of Common Stock (as adjusted for the Reverse Stock Split) on the Nasdaq Capital Market on November 5, 2026. The filing also notes that the company's redeemable warrants trade on Nasdaq under the symbol "CDTTW." The filing was signed by James Bligh, Chief Executive Officer and Chief Financial Officer, and contains forward-looking statements that the company identifies as subject to risks and uncertainties under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

What Was Disclosed

CDT Equity Inc. disclosed a 1-for-20 reverse stock split effective November 5, 2026, reducing outstanding shares from 20,357,283 to approximately 1,017,864. The Common Stock will continue trading on Nasdaq under "CDT" on a split-adjusted basis beginning November 6, 2026, with a new CUSIP number of 20678X809.