[SCHEDULE 13G] CDT Equity Inc. Passive Investment Disclosure (>5%)
CDT Equity gets new 5.3% passive owner
CDT Equity Inc. (CDT) has a new Schedule 13G showing that a group of related investment entities collectively report beneficial ownership of a minority stake in the company’s common stock.
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CDT Equity Inc. (CDT) has a new Schedule 13G showing that a group of related investment entities collectively report beneficial ownership of a minority stake in the company’s common stock. Primary Development Fund (Cayman) SPC, E2 Trust, E3 Fund SP, and IALC Trustees SA together report beneficial ownership of 5.3% of CDT common stock. This is based on 786,670 CDT shares outstanding as of August 12, 2026, after the company’s 1-for-25 reverse stock split on March 26, 2026 and 1-for-10 reverse stock split on July 20, 2026.
Key Figures
Shares beneficially owned:41,673 shares of Common StockOwnership percentage:5.3%Shares outstanding:786,670 shares of Common Stock+2 more
5 metrics
Shares beneficially owned41,673 shares of Common StockBeneficially owned by the reporting group as of May 31, 2026, after reverse splits
Ownership percentage5.3%Percentage of CDT common stock class reported by each reporting person
Shares outstanding786,670 shares of Common StockCDT shares outstanding as of August 12, 2026, from CDT’s Form 10-Q
Reverse stock split ratio1-for-25Reverse stock split of CDT common stock effective March 26, 2026
Second reverse stock split ratio1-for-10Reverse stock split of CDT common stock effective July 20, 2026
Key Terms
beneficial ownership, reverse stock split, segregated portfolio, dispositive power
4 terms
beneficial ownershipfinancial
"the Reporting Persons may be deemed to share beneficial ownership of the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
reverse stock splitfinancial
"gives effect to the Issuer's (i) 1-for-25 reverse stock split of its outstanding shares"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
segregated portfoliofinancial
"E3 Fund is a segregated portfolio and sub-account of Primary Development Fund"
dispositive powerfinancial
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 41,673.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of CDT Equity Inc. (CDT) shares does the reporting group own?
The reporting group states beneficial ownership of 5.3% of CDT Equity Inc.’s common stock. This percentage is calculated using 786,670 shares outstanding as of August 12, 2026, as reported in CDT’s Form 10-Q for the period ended June 30, 2026.
How many CDT Equity Inc. (CDT) shares are beneficially owned by the reporting persons?
The reporting persons collectively report beneficial ownership of 41,673 shares of CDT Equity Inc. common stock. These shares are held directly by Primary Development Fund (Cayman) SPC on behalf of E3 Fund SP, with E2 Trust and IALC Trustees SA involved through trust and fiduciary arrangements.
How many CDT Equity Inc. (CDT) shares were outstanding for the ownership calculation?
The ownership percentages are based on 786,670 CDT common shares outstanding as of August 12, 2026. This outstanding share count reflects CDT’s 1-for-25 reverse stock split on March 26, 2026 and 1-for-10 reverse stock split on July 20, 2026.
Who are the reporting persons in this Schedule 13G for CDT Equity Inc. (CDT)?
The Schedule 13G is filed jointly by Primary Development Fund (Cayman) SPC, E2 Trust, E3 Fund SP, and IALC Trustees SA. They may be deemed to share beneficial ownership of the CDT common shares directly held by Primary Development Fund.
What voting and dispositive powers over CDT (CDT) shares does the reporting group claim?
Each reporting person reports 0 shares with sole voting or dispositive power and 41,673 shares with shared voting and shared dispositive power. IALC Trustees, as trustee/fiduciary of E2 Trust and the Altug Family Trust, exercises these powers over the CDT shares.
How did CDT Equity Inc. (CDT) share count reflect recent corporate actions?
The CDT share figures give effect to a 1-for-25 reverse stock split effective March 26, 2026 and a 1-for-10 reverse stock split effective July 20, 2026. The reported 41,673 CDT shares and 5.3% stake are calculated after both reverse splits.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CDT Equity Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
20678X601
(CUSIP Number)
03/18/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
20678X601
1
Names of Reporting Persons
Primary Development Fund (Cayman) SPC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
41,673.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
41,673.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
41,673.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Statement on Schedule 13G (this "Schedule 13G"), the percentage is based on 786,670 shares of common stock, par value $0.0001 per share (the "Common Stock"), of CDT Equity Inc. (the "Issuer"), outstanding as of August 12, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the period year ended June 30, 2026, filed by the Issuer with the U.S. Securities and Exchange Commission on August 12, 2026 (the ''Form 10-Q''). The number of shares of Common Stock reported is as of May 31, 2026 and gives effect to the Issuer's (i) 1-for-25 reverse stock split of its outstanding shares of Common Stock effected on March 26, 2026 (the "March Reverse Split") and (ii) 1-for-10 reverse stock split of its outstanding shares of Common Stock effected on July 20, 2026 (the "July Reverse Split").
SCHEDULE 13G
CUSIP Number(s):
20678X601
1
Names of Reporting Persons
E2 Trust
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWITZERLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
41,673.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
41,673.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
41,673.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Schedule 13G, the percentage is based on 786,670 shares of Common Stock outstanding as of August 12, 2026, as reported in the Form 10-Q. The number of shares of Common Stock reported is as of May 31, 2026 and gives effect to the March Reverse Split and the July Reverse Split.
SCHEDULE 13G
CUSIP Number(s):
20678X601
1
Names of Reporting Persons
E3 Fund SP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
41,673.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
41,673.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
41,673.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Schedule 13G, the percentage is based on 786,670 shares of Common Stock outstanding as of August 12, 2026, as reported in the Form 10-Q. The number of shares of Common Stock reported is as of May 31, 2026 and gives effect to the March Reverse Split and the July Reverse Split.
SCHEDULE 13G
CUSIP Number(s):
20678X601
1
Names of Reporting Persons
IALC Trustees SA
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWITZERLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
41,673.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
41,673.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
41,673.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Schedule 13G, the percentage is based on 786,670 shares of Common Stock outstanding as of August 12, 2026, as reported in the Form 10-Q. The number of shares of Common Stock reported is as of May 31, 2026 and gives effect to the March Reverse Split and the July Reverse Split.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CDT Equity Inc.
(b)
Address of issuer's principal executive offices:
4851 Tamiami Trail North, Suite 200, Naples, FL 34103
Item 2.
(a)
Name of person filing:
This Statement is being filed jointly on behalf of the following persons (collectively, the "Reporting Persons"):
i. Primary Development Fund (Cayman) SPC, a Cayman Islands fund ("Primary Development Fund");
ii. E2 Trust, a discretionary trust ("E2 Trust");
iii. E3 Fund SP ("E3 Fund"); and
iv. IALC Trustees SA ("IALC Trustees").
Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this Schedule 13G should not be construed in and of itself as an admission by the Reporting Persons as to beneficial ownership of the shares of Common Stock reported herein.
(b)
Address or principal business office or, if none, residence:
The principal business address of Primary Development Fund is 6 The Court, Holywell Business Park, Northfield Rd., Southam, Warwickshire, CV47 0FS. The principal business address of E2 Trust is c/o IALC Trustees, 11 Cours de Rive, 1204 Geneva, P.O. Box 3378, 1211 Geneva 3, Switzerland. The principal business address of E3 Fund is c/o IALC Trustees, 11 Cours de Rive, 1204 Geneva, P.O. Box 3378, 1211 Geneva 3, Switzerland. The principal business address of IALC Trustees is 11 Cours de Rive, 1204 Geneva, P.O. Box 3378, 1211 Geneva 3, Switzerland.
(c)
Citizenship:
Primary Development Fund is a company organized under the laws of the Cayman Islands. E2 Trust is a discretionary trust organized under the laws of the United Kingdom. E3 Fund is segregated fund organized under the laws of the Cayman Islands. IALC Trustees is a company organized under the laws of Switzerland.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
20678X601
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this item with respect to the Reporting Persons is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G and is incorporated herein by reference for each Reporting Person. The ownership percentage reported is based on 786,670 shares of Common Stock outstanding as of August 12, 2026, as reported in the Form 10-Q.
Primary Development Fund directly held 41,763 shares of Common Stock as of May 31, 2026 after giving effect to the March Reverse Split and the July Reverse Split on behalf of E3 Fund. E3 Fund is a segregated portfolio and sub-account of Primary Development Fund. E2 Trust holds 95% of the beneficial interest in E3 Fund and the Altug Family Trust hold a 5% beneficial interest in the E3 Fund. IALC Trustees, acting in its capacity as trustee/fiduciary of E2 Trust, and the Altug Family Trust, exercises sole voting and dispositive power over the shares of Common Stock held by Primary Development Fund through E2 Trust and the Altug Family Trust. Accordingly, the Reporting Persons may be deemed to share beneficial ownership of the shares of Common Stock directly held by Primary Development Fund.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1 filed herewith.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Primary Development Fund (Cayman) SPC
Signature:
/s/ Sam Bratchie
Name/Title:
Sam Bratchie, Director
Date:
08/21/2026
E2 Trust
Signature:
/s/ Ian Altug
Name/Title:
Ian Altug, Director of Corporate Trustee to E2 Trust - IALC Trustees SA
