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CDT Equity to Boost Stake in Sarborg

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CDT Equity (CDT) said Monday it plans to increase its equity stake in agentic AI signature intelligence business Sarborg to 22.7% through the issuance of pre-funded warrants to purchase up to about 12.1 million shares of its stock.

The transaction is subject to shareholders' approval at the company's annual stockholders' meeting on Aug. 28, the company said.

Sarborg has expanded its platform into quantum computing through the launch of its SarborgQ division and continued to build a portfolio of intellectual property assets spanning the pharmaceutical and technology sectors, the company said.

Price: $2.89, Change: $-0.03, Percent Change: -1.03%

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