Form 8-K
8-K — CID Holdco, Inc.
Accession: 0001213900-26-067086
Filed: 2026-06-10
Period: 2026-06-09
CIK: 0002033770
SIC: 7373 (SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — ea0294267-8k_cidhold.htm (Primary)
EX-99.1 — PRESS RELEASE DATED JUNE 10, 2026 (ea029426701ex99-1.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): June 9, 2026
CID HOLDCO, INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-42711
99-2578850
(State of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
5661
S Cameron St, Suite 100
Las
Vegas, Nevada
89118
(Address of principal executive offices)
(Zip Code)
Registrant’s
telephone number, including area code: (303)-332-4122
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.0001 per share
DAIC
The Nasdaq
Stock Market LLC
Warrants,
each exercisable for one share of Common Stock at an exercise price of $287.50 per share*
DAICW
The Nasdaq
Stock Market LLC
* Reflects
giving effect to the reverse stock split as of 4:01 p.m. Eastern Time on May 29, 2026 as
described in the 8-K filed by CID Holdco, Inc. with the Securities and Exchange Commission
on May 28, 2026.
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events
On
June 10, 2026, the Company issued a press release announcing that, as a result of its review of strategic alternatives, the Company entered
into two letters of intent for proposed transactions. The Company entered into a non-binding letter of intent with an investor (the “Investor”)
for an up to $5.0 million convertible preferred stock investment and a separate non-binding letter of intent 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.
The Investor may also provide additional funding to support potential value-creating strategic initiatives.
A
copy of the press release is attached herewith as Exhibit 99.1 and is incorporated herein by reference.
Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include all statements that are not historical facts, including statements regarding the proposed convertible
preferred stock investment, the proposed sale of a portion of the Company’s operating business, the potential $500,000 convertible
note financing, the Company’s review of strategic alternatives, the anticipated use of proceeds, continued Nasdaq listing compliance,
anticipated governance and management changes, and the Company’s positioning to pursue a strategic acquisition. All forward-looking
statements are based on the Company’s current expectations and beliefs concerning future developments and their potential effects
on the Company. Forward-looking statements are subject to risks and uncertainties — including the risk that definitive agreements
may not be executed, that required stockholder, lender, Nasdaq, or regulatory approvals may not be obtained, and that the proposed transactions
may not be completed on the terms described or at all — that could cause actual results to differ materially from those expressed
in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements. Many factors could
cause actual results, performance or achievement to be materially different from any forward-looking statements, and other risks and
uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ
materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and
other factors, see the most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q (and other periodic reports filed
with the SEC) of the Company made with the SEC and available on EDGAR. The forward-looking statements included in this Current Report
on Form 8-K are made as of the date hereof and the Company does not undertake any obligation to publicly update such forward-looking
statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
No
Offer or Solicitation
This
Current Report on Form 8-K is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
Number
Description
99.1
Press
Release dated June 10, 2026
104
Cover Page Interactive Data
File (embedded within the Inline XBRL document)
1
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CID Holdco, Inc.
Date: June 10, 2026
By:
/s/ Edmund Nabrotzky
Edmund Nabrotzky
Chief Executive Officer
2
EX-99.1 — PRESS RELEASE DATED JUNE 10, 2026
EX-99.1
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Exhibit
99.1
Dot Ai Announces Two Letters of Intent for Strategic
Preferred
Stock Investment and to Sell a Portion of its Operating Business
Proposed transactions are the result of the
Company’s previously announced strategic alternatives process and, if consummated, would strengthen the balance sheet with up to
a $5 million investment in convertible preferred stock and an up to $6 million asset purchase along with the assumption of up to $3 million
of existing liabilities and are intended to support continued Nasdaq compliance, and position the Company to pursue value-creating strategic
initiatives
LAS VEGAS, NV / June 10, 2026 / Dot
Ai, Inc. (Nasdaq: DAIC) (“Dot Ai” or the “Company”), an IoT and AI-based SaaS company redefining asset intelligence
for industrial technology, today announced as a result of its review of strategic alternatives the entry into two letters of intent for
proposed transactions. The Company has entered into a non-binding letter of intent with an investor (the “Investor”) for
an up to $5.0 million convertible preferred stock investment and a separate non-binding letter of intent 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.
The Investor may also provide additional funding to support potential value-creating strategic initiatives.
Together, if consummated on the terms described
below, the proposed transactions are intended to strengthen the Company’s balance sheet, support continued compliance with Nasdaq
listing requirements, and position the Company to create long-term shareholder value.
$5.0 Million Strategic Preferred Investment
Under the non-binding term sheet, the Investor
would invest an aggregate of $5.0 million in convertible preferred stock, funded in three tranches, subject to definitive documentation.
Proceeds are expected to be used for general working capital during the strategic transition, and the satisfaction or discharge of existing
liabilities and transaction expenses.
As part of the proposed investment, the Investor
would seek to enable strategic initiatives designed to maximize shareholder value, including by making additional capital available. The
Company is expected to continue operations during the period.
Sale of a Portion of the Operating Business
Separately, the Company, through its operating
subsidiaries, has entered into a non-binding letter of intent to sell a portion of its operating business - comprising designated operating
assets used in the Dot Ai business - to a strategic buyer (the “Buyer”) for a purchase price of up to $6.0 million in cash,
together with the assumption of approximately $3.0 million of related liabilities, subject to adjustment and definitive documentation.
Importantly, the proposed transaction is structured as a sale of a portion of the Company’s operating business, with the Company retaining
certain operating units within the listed entity.
In connection with the letter of intent and subject
to execution of definitive documentation and applicable lender consents, the Buyer would fund a $500,000 secured convertible note to support
working capital and transaction-related expenses as a down payment in exchange for exclusivity throughout the term of the deal.
Strategic Alternatives Process
The proposed transactions follow the Company’s
previously announced engagement of Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, to serve as its exclusive
financial advisor in connection with its review of strategic alternatives. The letters of intent are non-binding, other than for certain
customary provisions, including relating to exclusivity, and expenses, and do not constitute binding commitments to complete the proposed
transactions. Completion of the proposed transactions is subject in all respects to the negotiation and execution of definitive agreements,
satisfactory completion of due diligence, board approval, receipt of any required stockholder, lender, Nasdaq, and regulatory consents
or approvals, market conditions, and the satisfaction of customary closing conditions, including maintenance of the Company’s listing
on The Nasdaq Stock Market LLC. There can be no assurance that definitive agreements will be executed, that the proposed transactions
will be completed on the terms described or at all, or as to the timing of any such transactions. The Company does not intend to disclose
further developments unless and until it determines that additional disclosure is appropriate or required.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Dot Ai
Dot Ai (Nasdaq: DAIC) is an IoT and AI-based SaaS
company at the forefront of Asset Intelligence technology for smart supply chain operations. Leveraging state-of-the-art AI engines, cutting-edge
5G RF and BLE technology, and seamless cloud integrations, Dot Ai offers real-time asset visibility and predictive analytics that integrate
with existing infrastructure. The Company serves multiple industries including aviation, construction, delivery, military, mining, retail,
seaports, medical logistics, warehousing and manufacturing. For more information, please visit daic.ai.
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are
not historical facts, including statements regarding the proposed convertible preferred stock investment, the proposed sale of a portion
of the Company’s operating business, the potential $500,000 convertible note financing, the Company’s review of strategic
alternatives, the anticipated use of proceeds, continued Nasdaq listing compliance, anticipated governance and management changes, and
the Company’s positioning to pursue a strategic acquisition. All forward-looking statements are based on Dot Ai’s current
expectations and beliefs concerning future developments and their potential effects on the Company. Forward-looking statements are subject
to risks and uncertainties — including the risk that definitive agreements may not be executed, that required stockholder, lender,
Nasdaq, or regulatory approvals may not be obtained, and that the proposed transactions may not be completed on the terms described or
at all — that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are
cautioned not to put undue reliance on forward-looking statements. Many factors could cause actual results, performance or achievement
to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or
that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking
statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed Annual Report
on Form 10-K and Quarterly Report on Form 10-Q (and other periodic reports filed with the SEC) of the Company made with the SEC and available
on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company
does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or
otherwise unless required by applicable securities laws.
Investor Relations Contact:
Lucas A. Zimmerman & Ian Scargill
MZ Group - MZ North America
(262) 357-2918
DAIC@mzgroup.us
www.mzgroup.us
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