CDT Overview

Heartbeam Inc's Stock Surge: Heartbeam Inc's shares rose 43.3% in pre-market trading after announcing its regulatory strategy following the FDA's Not Substantially Equivalent decision on its Electrocardiogram Synthesis Software, with plans for an appeal or 510(k) resubmission.

Other Notable Gainers: Several stocks saw significant gains in pre-market trading, including SMX PLC (+73.1%), Zenta Group (+26.7%), and Waton Financial (+21.1%), reflecting a positive trend in the market.

Major Losers: FBS Global Ltd experienced a sharp decline of 24.3%, while Tilray Brands fell 15% after announcing a reverse stock split, indicating volatility among certain stocks.

Market Overview: The pre-market trading session showed mixed results, with notable gains for some companies and significant losses for others, highlighting the fluctuating nature of the stock market.

Acquisition of Bitcoin: CDT Equity Inc. has acquired 9.25648743 Bitcoin for $1,005,000, increasing its total Bitcoin holdings to 17.9090111 BTC as part of its cryptocurrency treasury reserve strategy.

Strategic Financial Management: The company's CFO emphasized a disciplined approach to capital management, aiming to enhance shareholder value and adapt to the growing institutional adoption of digital assets.

Acquisition Details: CDT Equity announced the acquisition of 9.25648743 Bitcoin for $1,005,000, averaging $108,301.75 per BTC, increasing their total holdings to 17.9090111 BTC.

Strategic Approach: CFO James Bligh emphasized that the Bitcoin purchases are part of a disciplined capital management strategy aimed at aligning with institutional adoption of digital assets and enhancing financial resilience.

Upcoming Stock Splits: The week of October 13 to October 17 will see several stock splits, including LivePerson's 1-for-15 reverse split to comply with Nasdaq's minimum bid requirement, and PS International's 1-for-8 reverse split to boost its share price.

Company Strategies: Companies like Conduit Pharmaceuticals and Lucas GC are also implementing reverse stock splits to enhance their market appeal and maintain compliance with exchange standards, with Conduit executing a 1-for-8 split and Lucas a 40-for-1 split.

Reverse Stock Split Announcement: CDT Equity Inc. has approved a 1-for-8 reverse stock split of its common stock, effective October 10, 2025, to potentially increase funds for its strategic initiatives.

Trading and Share Adjustments: Post-split, the company's common stock will continue trading on Nasdaq under the symbol "CDT," with adjustments made to equity awards and no fractional shares issued.