secwatch.observer — SEC 8-K summary
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Issuer:     CID Holdco, Inc. (DAIC)
CIK:        0002033770
Form:       8-K/A
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001213900-26-024757
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CID Holdco enters $5M secured loan with J.J. Astor; initial $2M funded at $1.84M net
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026024757/0001213900-26-024757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026024757/ea0280403-8ka1_cidhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-024757

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