Financing ·
CDT Equity Inc. amended its Securities Purchase Agreement with Sarborg Limited to acquire a 20% equity interest for…
CDTCDT Equity Inc.
CDT Equity Inc. amended its Securities Purchase Agreement with Sarborg Limited to acquire a 20% equity interest for $8,000,000. The amendment allows $1,750,000 of the consideration to be paid via common stock issuance and credits audit costs against the cash balance. CDT issued 650,000 shares to Sarborg on August 31, 2026, satisfying part of the equity portion. Remaining cash payments will come from at-the-market program proceeds, with minimum monthly payments of $150,000 and a final due date of May 31, 2027. Additionally, CDT issued a senior secured convertible promissory note to J.J. Astor & Co. for $541,620, receiving net proceeds of $375,002. The company also issued warrants to purchase 237,000 shares at an exercise price of $1.69 per share. The note was repaid in full on September 4, 2026, and no conversion shares were issued. CDT Equity Inc. operates as a holding company focused on investments in various industries.