CDT will combine every 20 shares into 1, cutting outstanding shares from 20.36 million to about 1.02 million. The filing says the move aims to help meet Nasdaq rules, but does not confirm a listing result or report a change to operations.
The change combines shares, but it does not add cash or change the terms of the common stock. The filing says the board acted to help meet Nasdaq listing rules, but it does not confirm a listing-compliance result or a change to CDT's business.
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