StockWatch
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EDP Services
Corporate ActionApr 20, 2026, 05:02 PM

CID Holdco Secures $10M Equity Facility and Convertible Note

AI Summary

CID Holdco, Inc. entered into a series of financing agreements with White Lion Capital, LLC on April 17, 2026. These agreements include a Common Stock Purchase Agreement, allowing the company to sell up to $10 million of common stock until December 31, 2028. The transaction also involves a Senior Secured Convertible Promissory Note and a Common Stock Purchase Warrant, providing the company with a flexible capital raising mechanism.

Key Highlights

  • Secured financing agreements with White Lion Capital, LLC.
  • Common Stock Purchase Agreement for up to $10,000,000 in common stock.
  • Equity sales period from April 17, 2026, to December 31, 2028.
  • Includes a Senior Secured Convertible Promissory Note.
  • Also includes a Common Stock Purchase Warrant.