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CDT Equity Inc. (symbol CDT) has a group of related investors reporting beneficial ownership of its common stock. Primary Development Fund (Cayman) SPC, E2 Trust, E3 Fund SP and IALC Trustees SA together may be deemed to beneficially own 23,912 shares of CDT common stock after a 1-for-10 reverse stock split effected on July 20, 2026.
The group’s holdings represent 2.97% of CDT’s common stock, based on 786,670 shares outstanding as of August 12, 2026. Voting and dispositive powers over these 23,912 shares are reported as shared among the four reporting persons, with no sole voting or dispositive power for any of them.
Key Figures
Shares beneficially owned:23,912 shares of Common StockOwnership percentage:2.97%Shares outstanding:786,670 shares of Common Stock+3 more
6 metrics
Shares beneficially owned23,912 shares of Common StockHeld on behalf of E3 Fund after giving effect to the July 20, 2026 1-for-10 reverse stock split
Ownership percentage2.97%Beneficial ownership of CDT common stock reported for each of the four reporting persons
Shares outstanding786,670 shares of Common StockShares outstanding as of August 12, 2026, used to calculate the 2.97% ownership
Reverse stock split ratio1-for-10 reverse stock splitReverse split of CDT’s common stock effected on July 20, 2026, reflected in reported share amounts
E2 Trust interest in E3 Fund95% beneficial interestE2 Trust holds 95% beneficial interest in E3 Fund; Altug Family Trust holds 5%
Shared voting power23,912 sharesEach reporting person has shared voting power over 23,912 CDT shares and no sole voting power
"Accordingly, 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 1-for-10 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.
shared voting powerfinancial
"Shared Voting Power 23,912.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 23,912.00"
segregated portfoliofinancial
"E3 Fund is a segregated portfolio and sub-account of Primary Development Fund"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many CDT (CDT) shares are beneficially owned by the reporting group?
The reporting group may be deemed to beneficially own 23,912 shares of CDT Equity Inc. common stock. This amount reflects CDT’s 1-for-10 reverse stock split of its common stock effected on July 20, 2026.
What percentage of CDT (CDT) does the reporting group hold?
The reporting persons report beneficial ownership of 2.97% of CDT Equity Inc.’s common stock. This percentage is calculated based on 786,670 shares of common stock outstanding as of August 12, 2026.
Who are the reporting persons in this CDT (CDT) Schedule 13G?
The reporting persons are Primary Development Fund (Cayman) SPC, E2 Trust, E3 Fund SP and IALC Trustees SA. They are treated as a group for purposes of reporting beneficial ownership of CDT Equity Inc. common stock.
How are voting and dispositive powers over CDT (CDT) shares allocated?
Each reporting person has 0 shares with sole voting or dispositive power and 23,912 shares with shared voting and shared dispositive power. Control over the 23,912 shares is therefore reported on a shared basis among the group.
What role does the July 20, 2026 reverse stock split play for CDT (CDT)?
All reported ownership figures give effect to CDT Equity Inc.’s 1-for-10 reverse stock split of its common stock, which was effected on July 20, 2026. The 23,912 shares and 2.97% ownership are stated after this reverse split.
How is E2 Trust economically interested in CDT (CDT) through E3 Fund?
E2 Trust holds 95% of the beneficial interest in E3 Fund, while the Altug Family Trust holds the remaining 5%. Primary Development Fund directly holds the 23,912 CDT shares on behalf of E3 Fund, with voting and dispositive power exercised through E2 Trust and the Altug Family Trust.
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)
06/30/2026
(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
23,912.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
23,912.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,912.00
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)
2.97 %
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''). Beneficial ownership consists of 23,912 shares of Common Stock held directly by the Reporting Person and gives effect to the Issuer's 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
23,912.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
23,912.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,912.00
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)
2.97 %
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 of the Issuer, outstanding as of August 12, 2026, as reported in the Form 10-Q. Beneficial ownership consists of 23,912 shares of Common Stock held indirectly by the Reporting Person and gives effect to 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
23,912.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
23,912.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,912.00
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)
2.97 %
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 of the Issuer, outstanding as of August 12, 2026, as reported in the Form 10-Q. Beneficial ownership consists of 23,912 shares of Common Stock held indirectly by the Reporting Person and gives effect to 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
23,912.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
23,912.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,912.00
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)
2.97 %
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 of the Issuer, outstanding as of August 12, 2026, as reported in the Form 10-Q. Beneficial ownership consists of 23,912 shares of Common Stock held indirectly by the Reporting Person and gives effect to 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 holds 23,912 shares of Common Stock after giving effect to 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 (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the SEC on August 19, 2026) 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
Date:
08/21/2026
E3 Fund SP
Signature:
/s/ Sam Bratchie
Name/Title:
Sam Bratchie, Administrator
Date:
08/21/2026
IALC Trustees SA
Signature:
/s/ Ian Altug
Name/Title:
Ian Altug, Director
Date:
08/21/2026
Comments accompanying signature: LIST OF EXHIBITS Exhibit No. 1 - Joint Filing Agreement, dated August 21, 2026 (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the SEC on August 21, 2026)
