CID Holdco, Inc.

Dot Ai, Inc. announced it has entered into two non-binding letters of intent as a result of its strategic alternatives review. These include an agreement for an investor to provide up to a $5.0 million convertible preferred stock investment and a separate agreement for the sale of a portion of its operating business for approximately $6.0 million in cash, along with the assumption of up to $3.0 million in existing liabilities. These proposed transactions are intended to strengthen the Company’s balance sheet, support continued compliance with Nasdaq listing requirements, and position the Company for future strategic initiatives, though completion is subject to definitive agreements and approvals.

Dot Ai, Inc. announced it is exploring a range of strategic alternatives to maximize shareholder value. These options include a potential sale, merger, business combination, strategic partnership, joint venture, licensing arrangements, recapitalization, additional financing, continued execution of its standalone operating plan, or liquidation and dissolution. The company has engaged Cohen & Company Capital Markets as its exclusive financial advisor for this process, though no timetable has been set and there are no assurances of a transaction.

CID Holdco, Inc. completed a third closing under a Note Purchase Agreement, issuing a senior secured convertible promissory note with a face amount of $287,500 for cash proceeds of $230,000. The 8% interest note matures in six months and is convertible into common stock at a variable price. Additionally, the company's CEO, CFO, CTO, and Chief Revenue Officer voluntarily agreed to reduce and defer their salaries to support ongoing financing efforts.

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.

CID Holdco reported a net loss of $4.47 million for the first quarter of 2026, a significant increase from $1.28 million in Q1 2025, while revenue drastically fell to $12,214 from $352,498. The company's management has raised substantial doubt about its ability to continue as a going concern, citing limited operating history, significant losses, and a working capital deficit of $5.83 million. To address liquidity, CID Holdco secured new financing in April 2026, including an equity purchase facility for up to $10 million and senior secured convertible promissory notes for up to $2.875 million.

CID Holdco, Inc. (DAIC) completed the first closing of a Note Purchase Agreement, issuing a Senior Secured Convertible Promissory Note with an original principal amount of $287,500 to White Lion Capital, LLC. The Company received $230,000 in cash proceeds after a 20% original issue discount, with $20,000 withheld for legal fees. The proceeds are designated to cover scheduled monthly payments on an existing senior secured convertible note with J.J. Astor & Co. The Note bears 8% annual interest, matures in six months, and is convertible into common stock at a variable price, subject to ownership limitations.

CID HoldCo, Inc. (DAIC) filed an S-1 to register up to 51,000,000 shares of common stock for potential offer and sale by White Lion Capital, LLC. This includes shares from a $10,000,000 Common Stock Purchase Agreement (ELOC), $120,000 in Commitment Shares, $10,000,000 in Warrant Shares, and $2,875,000 in Convertible Notes. The offering represents approximately 174% of current outstanding shares, potentially causing significant dilution. The company will use proceeds from the ELOC and warrant exercise to repay existing debt and for general corporate purposes.

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.