Form 424B5 - Prospectus [Rule 424(b)(5)]
19 Febbraio 2025 - 3:00PM
Edgar (US Regulatory)
Filed
pursuant to Rule 424(b)(5)
Registration
File No. 333-282802
AMENDMENT
NO. 4 DATED FEBRUARY 19, 2025
to
Prospectus Supplement dated November 1, 2024
(to
Prospectus dated November 1, 2024)
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Up
to $17,816,270 of Shares of Common Stock
This
Amendment No. 4 (the “Amendment”) to the Prospectus Supplements amends and supplements the information in the prospectus,
dated November 1, 2024 (the “Prospectus”), filed with the Securities and Exchange Commission as a part of our registration
statement on Form S-3 (File No. 333-282802) (the “Registration Statement”), as previously supplemented by our prospectus
supplement, dated November 1, 2024, as amended by Amendment No.1, dated January 15, 2025, Amendment No.2 dated February 6, 2025, and
Amendment No.3 dated February 10, 2025 (collectively, the “Prospectus Supplements,” and together with the Prospectus, the
“Prior Prospectus”), relating to the offer and sale of shares of our common stock having an aggregate offering price of up
to $3,556,586 pursuant to the terms of a certain Sales Agreement, dated October 23, 2024 (the “Sales Agreement”), with A.G.P./Alliance
Global Partners (“A.G.P.”). This Amendment should be read in conjunction with the Prior Prospectus, and is qualified by reference
thereto, except to the extent that the information herein amends or supersedes the information contained in the Prior Prospectus. This
Amendment is not complete without, and may only be delivered or utilized in connection with, the Prior Prospectus and any future amendments
or supplements thereto.
We
are filing this Amendment to amend the Prior Prospectus to update the maximum amount of shares that we are eligible to sell under our
Registration Statement pursuant to the Sales Agreement under General Instruction I.B.6 of Form S-3. As a result of these limitations
and the current public float of our common stock, and in accordance with the terms of the Sales Agreement, we may offer and sell shares
of our common stock having an aggregate offering price of up to $17,816,270 from time to time through A.G.P. In the event that
we may sell additional amounts under the Sales Agreement in accordance with General Instruction I.B.6, we will file another prospectus
supplement or amendment prior to making such additional sales.
We
are an “emerging growth company” and “smaller reporting company” as defined under U.S. federal securities laws
and are subject to reduced public company reporting requirements. Our shares of common stock are listed on The Nasdaq Global Market (“Nasdaq”)
under the symbol “CDT”. The last sale price of our shares of common stock on February 18, 2025 was $1.31 per share.
As
of February 19, 2025, the aggregate market value of the voting and non-voting common equity held by non-affiliates, computed by reference
to the price at which the common equity was last sold on January 10, 2025 of $12.30, was $53,448,811, based on 4,707,229
shares of outstanding common stock as of such date, of which 4,345,432 were held by non-affiliates. Pursuant to General Instruction
I.B.6 of Form S-3, in no event will we sell securities in a public primary offering with a value exceeding more than one-third of our
public float in any 12-month period so long as our public float remains below $75.0 million. During the 12 calendar months prior to and
including the date of this Amendment, we have sold $9,631,712.69 of our securities pursuant to General Instruction I.B.6 of Form S-3.
INVESTING
IN OUR SECURITIES INVOLVES A HIGH DEGREE OF RISK. SEE “RISK FACTORS” BEGINNING ON PAGE S-4 OF THE PROSPECTUS SUPPLEMENT DATED
NOVEMBER 1, 2024 AND THE RISK FACTORS INCORPORATED BY REFERENCE INTO THIS AMENDMENT AND PRIOR PROSPECTUS.
Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed
upon the adequacy or accuracy of this Amendment or the Prior Prospectus. Any representation to the contrary is a criminal offense.
A.G.P.
The
date of this Amendment is February 19, 2025
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