DAICW CID Holdco, Inc.
Price Chart
Executive Summary
CID HoldCo, Inc. completed a third closing under its Note Purchase Agreement with White Lion Capital, issuing a $287,500 senior secured convertible note for $230,000 in cash (20% OID). Proceeds are required to make monthly payments to J.J. Astor & Co. under an existing loan. Simultaneously, the company furloughed all employees effective May 25, 2026, and its CEO, CFO, CTO, and Chief Revenue Officer voluntarily reduced/deferred salaries to minimum state-law levels. These actions signal acute liquidity distress and a going-concern risk.
Key Financial Metrics
Actionable Insight
This filing signals imminent going-concern risk. The company has no revenue-generating employees (all furloughed), is borrowing at distressed terms to service existing debt, and has executed a reverse split. Monitor for Nasdaq delisting notices, further debt defaults, or a going-concern qualification in the next 10-Q. The warrant ticker DAICW is likely to trade near zero absent a rescue financing.
Key Facts
- Issued $287,500 face-value senior secured convertible note to White Lion Capital for $230,000 cash (20% original issue discount)
- Note carries 8% interest, matures in six months, convertible at 80% of the lowest VWAP over the prior 15 trading days
- Proceeds must be used to make monthly payments to J.J. Astor & Co. under a December 2025 loan agreement
- Company implemented a temporary furlough of all employees effective May 25, 2026, with no stated duration
- CEO, CFO, CTO reduced salaries to state minimum and deferred all pay; Chief Revenue Officer reduced salary by 50% and deferred
- Reverse stock split effective May 29, 2026, as referenced in a prior 8-K filing
- Company is an emerging growth company with no market cap data available (warrant ticker DAICW)
Financial Impact
New $287,500 convertible note with $230,000 net proceeds; 20% OID and variable conversion at 80% of 15-day low VWAP implies severe dilution upon conversion. Full employee furlough and executive salary deferrals indicate cash burn has exhausted working capital.
Risk Factors
- Nasdaq delisting risk due to low bid price or failure to meet continued listing standards
- Going-concern qualification in next periodic report
- Severe dilution from variable-rate convertible note conversion at deeply discounted prices
- Inability to recall furloughed employees or restore operations
- Cross-default risk under existing J.J. Astor & Co. loan agreement
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-062902 |
| Document: 0001213900-26-062902-index-headers.html | 0001213900-26-062902 |
| Document: 0001213900-26-062902-index.html | 0001213900-26-062902 |
| Document: 0001213900-26-062902.txt | 0001213900-26-062902 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
6d ago
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8-K
| $0.0301 $0.0155 | ▼ −48.51% | ▼ −45.93% | $0.0301 (−0.00%) |
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May 29, 2026
11d ago
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8-K
| $0.0301 $0.0301 | · 0.00% | ▲ +0.14% | $0.0301 (+0.00%) |
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May 28, 2026
12d ago
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8-K
| $0.0301 $0.0156 | ▼ −48.17% | ▼ −48.41% | $0.0301 (−0.00%) |
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Apr 30, 2026
5w ago
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8-K
| $0.0301 $0.0301 | · 0.00% | ▲ +0.22% | $0.0301 (+0.00%) |
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Apr 21, 2026
7w ago
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DEFA14A
| $0.0301 $0.0301 | · 0.00% | ▼ −1.02% | $0.0301 (−0.00%) |
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Apr 21, 2026
7w ago
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EFFECT
| $0.0301 $0.0301 | · 0.00% | ▼ −1.02% | $0.0301 (−0.00%) |
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Apr 21, 2026
7w ago
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DEFA14A
| $0.0301 $0.0301 | · 0.00% | ▲ +1.02% | $0.0301 (+0.00%) |
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Apr 20, 2026
7w ago
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8-K
| $0.0301 $0.0301 | · 0.00% | ▲ +1.02% | $0.0301 (+0.00%) |
US Market Status
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