CDT Equity Announces Reverse Stock Split
CDT Equity (NASDAQ: CDT) has announced a 1-for-25 reverse stock split of its common stock, effective September 28, 2026. The move is intended to ensure continued compliance with the Nasdaq's bid-price rule and will reduce the number of outstanding shares from approximately 25 million to around 1.01 million. The company’s stock dropped by -29.34% in pre-market trading following the announcement, falling to $0.09 per share. The reverse split is a common strategy for companies facing delisting risks due to low stock prices and aims to improve liquidity or meet exchange requirements.
Tickers: $CDT
Topics: corporate action Nasdaq compliance reverse stock split