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CDT Equity converts $65K of ex-CEO severance to shares

Share issuances settled a one-time evaluation fee and part of Andrew Regan’s severance, alongside updated ownership figures tied to CDT’s outstanding shares.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

CDT Equity Inc. issued Manoira Corporation 1,347,616 common shares on October 22, 2026, at $0.1447 per share in full satisfaction of a one-time $195,000 fee under an Evaluation Agreement to assess clinical-stage compounds for animal-health applications. At CDT’s request, $65,000 of Andrew Regan’s severance was converted into 499,616 common shares on October 23, 2026, at $0.1301 per share. Regan became eligible for $300,000 in severance in connection with his resignation as CDT’s CEO and a director, effective August 31, 2026.

CDT had 9,322,805 common shares outstanding as of October 23, 2026. Reported beneficial ownership as of October 26 lists Regan at 2,064,698 shares, Corvus Capital Ltd. at 1,565,080 and Manoira at 1,347,619. Corvus owns 87.0% of Manoira; Regan is Corvus’s CEO and sole shareholder. Anton Connolly is identified as Manoira’s COO and a director.

Filing Explained

In this Schedule 13D amendment, Regan, Corvus and Manoira say they hold the shares for investment purposes and have no current plans for the specified company actions; they reserve the right to reconsider and may discuss or later formulate proposals.

One-time evaluation fee $195,000 Fee due to Manoira under the Evaluation Agreement
Shares issued to Manoira 1,347,616 shares Issued October 22, 2026, in satisfaction of the evaluation fee
Price per share issued to Manoira $0.1447 per share Shares issued October 22, 2026
Severance converted into shares $65,000 Converted at CDT’s request on October 23, 2026
Shares issued to Andrew Regan 499,616 shares Received upon conversion of severance on October 23, 2026
Price per share issued to Andrew Regan $0.1301 per share Shares received upon severance conversion
Severance eligibility $300,000 Regan became eligible in connection with his resignation effective August 31, 2026
Common shares outstanding 9,322,805 shares As of October 23, 2026
Evaluation Agreement financial
"entered into an Evaluation Agreement with the Issuer"
beneficially owns regulatory
"Corvus beneficially owns 1,565,080 shares of Common Stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
shared voting power regulatory
"Shared Voting Power 1,565,080.00"
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.
pecuniary interest regulatory
"except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did CDT issue to Manoira, and at what price?

CDT issued Manoira 1,347,616 common shares at $0.1447 per share on October 22, 2026, in full satisfaction of a one-time $195,000 fee under an Evaluation Agreement for assessment of clinical-stage compounds for animal-health applications.

How many shares did Andrew Regan receive for severance?

At CDT’s request, $65,000 of Regan’s severance was converted into 499,616 common shares at $0.1301 per share on October 23, 2026. He became eligible for $300,000 in severance in connection with his resignation as CEO and a director, effective August 31, 2026.

What plans do CDT’s reporting persons state they have?

They state they currently have no plans or proposals relating to the specified transaction categories, except as otherwise described. They reserve the right to review their positions, discuss matters with CDT and others, and consider future proposals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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20678X700

(CUSIP Number)
Andrew Regan
Corvus Capital Ltd., FL. 2, Willow House, Cricket Square PO B
Grand Cayman, E9, KY1-1107
44 7766 766766

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
10/22/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage ownership of shares of common stock, par value $0.0001 per share (the "Common Stock"), of CDT Equity Inc., a Delaware corporation (the "Issuer"), set forth in this Schedule 13D (the "Schedule 13D") is based upon 9,322,805 shares of Common Stock outstanding as of October 23, 2026, as provided by the Issuer. The number of shares of Common Stock reported is as of October 26, 2026 and gives effect to the Issuer's (i) 1-for-10 reverse stock split of its outstanding shares of Common Stock effected on July 20, 2026 (the "July Reverse Split") and (ii) the Issuer's 1-for-25 reverse stock split of its outstanding shares of Common Stock effected on September 28, 2026 (the "September Reverse Split").


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage ownership of shares of Common Stock set forth in this Schedule 13D is based upon 9,322,805 shares of Common Stock outstanding as of October 23, 2026, as provided by the Issuer. The number of shares of Common Stock reported is as of October 26, 2026 and gives effect to the July Reverse Split and the September Reverse Split.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage ownership of shares of Common Stock set forth in this Schedule 13D is based upon 9,322,805 shares of Common Stock outstanding as of October 23, 2026, as provided by the Issuer. The number of shares of Common Stock reported is as of October 26, 2026 and gives effect to the July Reverse Split and the September Reverse Split.


SCHEDULE 13D


Corvus Capital Ltd.
Signature:/s/ Andrew Regan
Name/Title:Andrew Regan/Chief Executive Officer
Date:10/27/2026
Manoira Corporation
Signature:/s/ Anton Connolly
Name/Title:Anton Connolly/Chief Operating Officer and Director
Date:10/27/2026
Andrew Regan
Signature:/s/ Andrew Regan
Name/Title:Andrew Regan
Date:10/27/2026

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