CytoMed (GDTC) Files Form 144 for 54,644 Shares on NASDAQ
Rhea-AI Filing Summary
CytoMed Therapeutics Ltd (GDTC) filed a Form 144 notifying a proposed sale of 54,644 ordinary shares with an aggregate market value of $102,731 to be sold approximately on 09/23/2025 on NASDAQ. The filer reports total outstanding shares of 11,733,712. The securities were originally acquired by share subscription on 04/22/2021 (payment noted as cash on 04/20/2021) totaling 711,822 shares at acquisition. The filing also lists prior open-market sales by the same account during Aug–Sep 2025 totaling 26,838 shares sold over multiple dates, with individual gross proceeds reported per sale. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.
Positive
- Disclosure completeness: Acquisition details, recent sales, and intended sale amount are reported, meeting Rule 144 disclosure requirements
- Proposed sale size is small: 54,644 shares is ~0.47% of 11,733,712 outstanding shares, limiting potential market impact
Negative
- None.
Insights
TL;DR: Routine Form 144 disclosing proposed sale of a small percentage of outstanding shares after prior open-market sales.
The filing is procedural and provides transparency about an intended disposal of equity by a holder that acquired shares by subscription in 2021. The 54,644-share sale represents approximately 0.47% of the issuer's reported outstanding shares (11,733,712), which is small in absolute and relative terms and is unlikely to materially affect company capitalization. The report of 26,838 shares sold across August–September 2025 documents recent liquidity events from the same account; reported gross proceeds per trade are shown but are modest in size. From a market-impact perspective this is a routine disclosure fulfilling Rule 144 requirements.
TL;DR: The filing appears complete for Rule 144 notice purposes and includes acquisition and recent sale history required by the rule.
The form supplies the acquisition date, nature of acquisition (share subscription), payment method (cash), and a detailed list of recent dispositions with dates and gross proceeds, meeting typical disclosure expectations. The filer also includes the required certification about material nonpublic information. There is no disclosure of a 10b5-1 trading plan or other instructions within the form text provided. For compliance assessment, this filing is a standard seller notice without apparent omissions in the information fields shown.