CDT Equity updates Sarborg deal: 20% stake, stock consideration
CDT Equity updated its $8 million Sarborg investment terms, keeping a plan to acquire a 20% stake. The company issued 650,000 shares, shifted part of the consideration to stock, and extended cash payments through May 31, 2027.
CDT Equity updated the terms of its $8 million investment in Sarborg, keeping its plan to take a 20% stake while changing part of the consideration to stock. Cash payments are now set to run through May 31, 2027. The company also issued 650,000 shares to Sarborg and will apply ATM proceeds with minimum…