Why Is Conduit Pharmaceuticals (CDT) Stock Up 12% Today?
duit Pharmaceuticals (CDT) Investor Place·2024-08-14 15:41
Conduit Pharmaceuticals (NASDAQ:CDT) stock is up on Wednesday following a shareholder update concerning a major investor in the company. New filings with the Securities and Exchange Commission (SEC) reveal that Nirland Limited holds a 14.8% stake in CDT stock. This comes from the 12.5 million shares off CDT that the company owns, as well as warrants for another 2 million shares. Nirland Limited's stake in Conduit Pharmaceuticals is based on the company's outstanding shares of CDT stock. That was sitting at ...