Dividends & Buybacks ·
CDT Equity Inc. implements a 1-for-20 reverse stock split effective Nov 5
CDTCDT Equity Inc.
CDT Equity Inc. filed a certificate of amendment with the Delaware Secretary of State to effectuate a 1-for-20 reverse stock split of its common stock, reducing outstanding shares from approximately 20.4 million to roughly 1.02 million. The transaction becomes effective on November 5, 2026, at 5:00 p.m. ET, with adjusted trading expected to begin on November 6 under the existing ticker symbol CDT. Stockholders entitled to fractional shares will receive cash payments based on the closing price on the effective date. This action was taken to maintain compliance with Nasdaq Listing Rules following prior shareholder approval granting the board authority to determine split ratios and timing. The company operates in the investment and equity management sector.