5/5CDT Equity Inc. (CDT): Non-reliance / restatement

Filed 2025-08-14 · Form 8-K · Accession 0001641172-25-023840 micro

Market data

Price before filing: $9.1e+04 (2025-08-13 close, split/dividend-adjusted)
Market cap at flag: $180.6M (2025-08-14) · Latest: $125,308 (2026-10-16)

What happened next

Window	CDT	SPY	vs SPY
30 days	-63.0%	+2.5%	-65.4%	2025-09-15
90 days	-82.9%	+6.3%	-89.2%	2025-11-12
180 days	-92.3%	+7.9%	-100.2%	2026-02-10

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-16 to 2025-09-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Going-concern doubt

Read the original filing on SEC.gov →