8-K ·Filed Sep 1, 2026

CDT

CDT Equity Inc.
BEARISH
Impact 6/10
Horizonweeks Processed1mo ago SEC0001493152-26-040929
8-K context-dependent: Items 5.02
Actionable Insight ▼ Bearish

The approved reverse stock split and massive potential dilution from pre-funded warrants and convertible notes are critical for a $1M market cap stock. Monitor for the actual reverse split ratio and any subsequent share issuances, which could further pressure the stock. The CEO transition adds uncertainty to an already distressed micro-cap.

DirectionBearish
Confidencehigh
Horizonweeks
Latest settled — T+20d
CDT ▼ -96.23% at T+20d
SHORT call ✓ call won +96.23% · α vs SPY +97.41% · entry $37.00 → $1.40
Next anchor: T+60d in 8w
Entry anchored
Sep 1, 2026
via day open
T+1d
-38.51%
call +38.51% · α +38.96%
$22.75
settled 4w ago
T+5d
-59.46%
call +59.46% · α +59.54%
$15.00
settled 24d ago
T+20d
-96.23%
call +96.23% · α +97.41%
$1.40
settled 3d ago
T+60d
—
call — · α —
—
in 8w

Price Chart

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Executive Summary

CDT Equity Inc. appointed James Bligh as CEO, replacing Dr. Andrew Regan who resigned immediately. Bligh, who also remains CFO, receives a $600,000 base salary with a 50% target bonus. The annual meeting approved a reverse stock split (up to 1-for-500) and the issuance of up to 12.1M shares upon exercise of pre-funded warrants, signaling significant potential dilution for a micro-cap pharmaceutical company.

Key Facts

  • James Bligh appointed CEO, replacing Dr. Andrew Regan who resigned immediately; Bligh also remains CFO until a successor is named.
  • Bligh receives a $600,000 annual base salary and a target annual bonus of 50% of base salary.
  • Dr. Regan receives a severance of $50,000/month for six months.
  • Stockholders approved a reverse stock split at a ratio up to 1-for-500.
  • Stockholders approved the issuance of up to 12,131,770 shares of common stock upon exercise of pre-funded warrants.
  • Stockholders approved the issuance of shares under a senior secured convertible note and warrant issued to J.J. Astor & Co.
  • The board was reduced from five to four members following Regan's resignation.

Financial Impact

CEO severance of $300,000 ($50k/mo x 6 months). Potential dilution from up to 12.1M pre-funded warrant shares and convertible note shares, significant relative to a $1M market cap.

dilutionshare countcash burn

Risk Factors

  • Massive dilution from up to 12.1M pre-funded warrant shares and convertible note shares relative to a $1M market cap.
  • Reverse stock split signals Nasdaq compliance risk and can further erode shareholder value.
  • CEO transition at a micro-cap with no disclosed financials or pipeline progress.
  • Historical model performance on CDT shows a 29% win rate at T+20, indicating high volatility and poor directional accuracy.

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001493152-26-040929
Document: form8-k.htm0001493152-26-040929
Document: 0001493152-26-040929-index-headers.html0001493152-26-040929
Document: 0001493152-26-040929-index.html0001493152-26-040929
Document: 0001493152-26-040929.txt0001493152-26-040929
8 reports for CDT
Performance horizon
100% Hit rate 5 of 5 directional calls best @ T+60▲ +75.91%Jun 29, 2026
Filters
Rows
Reports for CDT — sortable, filterable
TypeNow
Sep 1, 2026
4w ago
8-K
BEARISH ★ 6/10
$37.00 $1.40▲ +96.23%▲ +97.41%$1.25 (+96.62%)
Jul 31, 2026
9w ago
8-K
BEARISH ★ 8/10
$2.87 $1.68▲ +41.36%▲ +42.60%$1.25 (+56.37%)
Jul 16, 2026
11w ago
8-K
BEARISH ★ 5/10
$0.3550 $3.15▼ −785.92%▼ −782.30%$1.25 (−252.11%)
Jun 29, 2026
13w ago
8-K
BEARISH ★ 7/10
$0.5600 $2.85▼ −408.04%▼ −409.06%$1.25 (−123.21%)
Jun 16, 2026
15w ago
8-K
BEARISH ★ 7/10
$0.6930 $0.3550▲ +48.77%▲ +50.09%$1.25 (−80.38%)
May 6, 2026
21w ago
Press Release
NEUTRAL ★ 4/10
$2.26 $0.8050▼ −64.38%▼ −67.16%$1.25 (−44.69%)
Mar 4, 2026
30w ago
Press Release
MIXED ★ 6/10
$17.70 $5.10▼ −71.19%▼ −66.77%$1.25 (−92.94%)
Feb 24, 2026
31w ago
8-K
BULLISH ★ 7/10
$17.25 $10.88▼ −36.96%▼ −31.72%$1.25 (−92.75%)
Showing 8 of 8

US Market Status

Market Closed — Opens Mon (37h 29m)

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