Mergers & Acquisitions ·
CDT Equity Inc. entered into a Securities Purchase Agreement to acquire approximately 4.76% of Sarborg Limited by…
CDTCDT Equity Inc.
CDT Equity Inc. entered into a Securities Purchase Agreement to acquire approximately 4.76% of Sarborg Limited by issuing pre-funded warrants exercisable for up to 12,131,770 shares at $0.0001 per share. The transaction involves existing investors in Sarborg, including CEO Andrew Regan’s Corvus Capital, which received warrants for 5,436,830 shares. Exercise of these warrants is contingent on stockholder approval to exceed Nasdaq’s 19.99% ownership limit and the filing of a resale registration statement within 60 days. Additionally, CDT Equity issued 123,537 common shares to service providers for services rendered. The company operates in the investment holding sector.