CDT Equity shares surge 20.71% after-hours after signing $25M equity line of credit with institutional investor.

CDT Equity Inc. (CDT) surged 20.71% in after-hours trading following the announcement of two material financing agreements with an institutional investor. The company secured a $25 million equity line of credit through a directed stock purchase agreement, featuring a 9.99% ownership cap, a $1.35 floor price, and resale flexibility tied to trading volume. A concurrent registration rights agreement ensures the resale of shares issued under the facility, with filing and effectiveness deadlines set for 15 and 45 days, respectively. These agreements enhance liquidity, provide flexible access to capital, and signal institutional confidence, directly supporting the stock’s upward movement. The other news items, including an unrelated Yahoo Finance error and a reference to a Chinese media company, lacked relevance to CDT’s performance.