CDT shares surge 17.86% after-hours as equity line of credit and registration rights agreements boost liquidity and access to capital.

CDT Equity Inc. surged 17.86% in after-hours trading following the announcement of two financing agreements with an institutional investor. The company secured a $25 million equity line of credit via a directed stock purchase agreement, allowing discretionary sales of common stock subject to a 9.99% ownership cap, a $1.35 floor price, and discounts to VWAP. Additionally, a registration rights agreement was executed to facilitate the resale of shares issued under the facility and 204,031 commitment shares. These agreements enhance liquidity and provide flexible access to capital, signaling improved financial flexibility and strategic positioning. The second and third news events were unrelated or non-actionable, leaving the financing agreements as the primary catalyst for the sharp after-hours rally.