CDT Equity Inc 8-K/A, filed Apr 2, 2025
CDT Equity Inc. (CDT)
About this 8-K/A
CDT Equity Inc filed this 8-K/A on April 2, 2025, reporting on events of March 31, 2025.
Items reported
- Item 8.01: Other events
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CURRENT REPORT
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Explanatory Note
Item 8.01. Other Events
Nasdaq Deficiency Compliance Update
On March 7, 2025, the Company applied to the Nasdaq Capital Market and is currently compliant with the Market Value of Publicly Held Securities continued listing standard of Nasdaq Capital Market being greater than $1.0 million. On March 31, 2025, the Company submitted to Nasdaq on a pro-forma basis, as of March 31, 2025, a financial statement demonstrating its compliance with the Nasdaq Capital Market Equity Standard of Stockholder’s Equity greater than $2.5 million, after anticipating all first quarter 2025 expected losses, reflecting Stockholder’s Equity of $2.8 million, which has significantly increased since the Company’s fiscal year end as a result of (i) fundraising of an additional $8.332 million from the Company’s ongoing at the market offering, (ii) conversion of $1.785 million into 924,200 shares of common stock from previously existing debt, and (iii) capitalization of certain invoices and fees. The Company was compliant with the Nasdaq Capital Market Equity Standard of Stockholder’s Equity greater than $2.5 million as of March 31, 2025, and continues to remain compliant as of the date of the filing of this Amendment.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CONDUIT PHARMACEUTICALS INC. | ||
| April 2, 2025 | By: | /s/ David Tapolczay |
| Name: | David Tapolczay | |
| Title: | Chief Executive Officer | |