CID Holdco, Inc. (DAIC): M&A transaction — SEE ID completes business combination with SUAC, begins trading as DAIC on Nasdaq

CID Holdco, Inc.

Business combination closed June 18, 2025; combined company renamed CID Holdco, Inc. (ticker DAIC).
Raised $13.3M in PIPE; net cash proceeds ~$11.8M after bridge loan conversion.
Entered into $50M equity purchase agreement with New Circle at discounted price (85% or 97% of VWAP).
Former SEE ID stockholders own ~58.77% of outstanding shares; 180-day lock-up applies.
Company Common Stock and Warrants trade on Nasdaq starting June 23, 2025 under DAIC and DAIC.W.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CID Holdco, Inc.: Ceased to be a shell company as a result of the Mergers.

Change: shell status

Exact text from the filing

Prior to the Mergers, we were a wholly-owned subsidiary of a “shell company” (as such term is defined in Rule 12b-2 under the Exchange Act). As a result of the Mergers, we have ceased to be a shell company.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CID Holdco, Inc.: Amended and restated bylaws in their entirety, effective upon closing of the Mergers.

Change: bylaw amendment

Exact text from the filing

Prior to or at the closing of the Mergers, we amended and restated our bylaws in their entirety, to be effective upon closing of the Mergers.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CID Holdco, Inc. completed an acquisition involving SEE ID, Inc. for $171,635,010 (closed 2025-06-18).

Action: acquisition
Counterparty: SEE ID, Inc.
Consideration: $171,635,010
Closing: 2025-06-18

Exact text from the filing

ID in connection with the Business Combination (the “ SEE ID Merger Consideration ”) was equal to a number of shares of Holdings Common Stock equal to the (a) quotient of (i) $171,635,010 divided by (ii) $10.00. tion with the Business Combination (the “ SEE ID Merger Consideration ”) was equal to a number of shares of Holdings Common Stock equal to the (a)

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42 governance changes filed in the last 30 days. Browse all governance changes →

CID Holdco, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-057972

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