Recent Updates — CDT
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.
CDT Equity Inc. appointed James Bligh as Chief Executive Officer effective August 31, 2026, with an annual base salary of $600,000 and a target bonus of 50% of base. Dr. Andrew Regan resigned as CEO and from the Board, receiving severance of $50,000 monthly for six months. The company's board size decreased to four members. At its August 28, 2026 annual meeting, shareholders approved a reverse stock split with a ratio between 1-for-2 and 1-for-100, authorized the issuance of shares under Nasdaq Listing Rule 5635 for senior secured convertible notes issued to J.J. Astor & Co., and approved the issuance of up to 12,131,770 shares upon exercise of pre-funded warrants. CDT Equity Inc. operates in the investment management industry.
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.
On July 24, 2026, CDT Equity Inc. issued 32,110 shares of common stock to a service provider as compensation for consulting services. The shares were valued at $3.27 per share and issued under the Section 4(a)(2) exemption from registration. This is not material.
On June 23, 2026, CDT Equity Inc. announced the dismissal of CBIZ CPAs P.C. as its independent registered public accounting firm and the appointment of Carr, Riggs & Ingram, L.L.C. (CRI) as its new auditor. The company's 2025 audit report included an explanatory paragraph regarding substantial doubt about its ability to continue as a going concern. While no disagreements occurred with CBIZ CPAs, the company disclosed several material weaknesses in internal control over financial reporting, including issues with segregation of duties, transaction review processes, and related party transaction controls. CDT Equity Inc. is a Delaware-incorporated entity that operates as a blank check or special purpose acquisition company.