debt
confidence high
sentiment negative
materiality 0.75
CID Holdco enters $5M secured loan with J.J. Astor; initial $2M funded at $1.84M net
CID Holdco, Inc.
- Initial $2M loan funded Dec 5, 2025; net $1.84M after $80K fee; note original principal $2.6M.
- Note matures Nov 30, 2026; monthly installments start $108,334 then $226,615.
- Issued warrant for 230,770 shares at $1.69; conversion price post-default at 80% of VWAP.
- Loan secured by all assets and subsidiary equity; guarantees from SEE ID, ShoulderUp, DotWorks.
- Company must use ELOC proceeds (80% to lender) for payments; additional tranches depend on stock >$1, vol >50k.