SplitMay 28, 2026, 08:37 AM
Dot Ai Announces 1-for-25 Reverse Stock Split Effective May 29
AI Summary
CID HoldCo, Inc. (Dot Ai) announced the implementation of a one-for-twenty-five reverse stock split, previously approved by stockholders on May 12, 2026. The split will become legally effective on May 29, 2026, with split-adjusted trading on Nasdaq commencing on June 1, 2026, under the existing symbol DAIC and a new CUSIP number. The action will reduce outstanding shares from approximately 30.26 million to 1.21 million, with fractional shares being paid out in cash.
Key Highlights
- CID HoldCo, Inc. (Dot Ai) will implement a one-for-twenty-five (1-for-25) reverse stock split.
- The reverse stock split will become legally effective at 4:01 p.m. Eastern Time on May 29, 2026.
- Common Stock will open for trading on a reverse split-adjusted basis on Nasdaq on June 1, 2026, under symbol DAIC.
- The new CUSIP number for the Common Stock following the split will be 171756208.
- Fractional shares will not be issued; stockholders will receive cash in lieu of fractional shares.
- The number of outstanding common shares will reduce from approximately 30.26 million to 1.21 million.
- Stockholders' percentage ownership and proportional voting power will remain largely unchanged.
Price Impact
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