secwatch.observer — SEC 8-K summary
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Issuer:     CID Holdco, Inc. (DAIC)
CIK:        0002033770
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001213900-25-057972
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01, 3.02, 4.01, 3.03, 5.03, 5.01, 5.02, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SEE ID completes business combination with SUAC, begins trading as DAIC on Nasdaq
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033770/000121390025057972/0001213900-25-057972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033770/000121390025057972/ea0246607-8k_cidhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-057972

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer