CDT Equity Inc. Issues Shares and Pre-Funded Warrants in $7 Million Private Placement
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CDT Equity Inc. has issued 224,800 shares of common stock and 3,685,815 pre-funded warrants to Corvus Capital Limited in a $7 million private placement. The transaction is related to the sale of its subsidiary, Conduit Pharmaceuticals Limited. The securities were issued under an exemption from registration and are subject to resale restrictions. The exercise of the warrants requires stockholder approval under Nasdaq rules.
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