CDT Equity announces 1-for-25 reverse stock split

CDT Equity announced that its board of directors has approved a 1-for-25 reverse stock split of the company’s common stock. The company’s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios. The reverse stock split will become effective on March 26 at 5:00 pm, Eastern Time, and the company’s common stock is expected to begin trading on a reverse stock split-adjusted basis on Nasdaq at market open under the existing ticker symbol (CDT) on March 27, the date which has been approved by Nasdaq for the effectiveness of such split.