CID Holdco, Inc. (DAIC): debt financing — CID HoldCo issues $287,500 convertible note to White Lion Capital, proceeds for existing debt

CID Holdco, Inc.

Note principal $287,500 with 20% OID; net cash proceeds $230,000 after $20k legal fees.
Interest at 8% p.a., maturity six months from April 24, 2026; first six months' interest guaranteed.
Convertible at 80% of lowest 15-day VWAP; conversion capped at 4.99% beneficial ownership (Holder can increase to 9.99%).
Proceeds must be used for scheduled monthly payments under existing J.J. Astor & Co. loan.
Note is second senior secured, subordinated to J.J. Astor's first lien; issued under Regulation D exemption.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CID Holdco, Inc. incurred convertible notes of original principal amount of $287,500 with White Lion Capital, LLC at bears interest at 8% per annum maturing six-month anniversary of the issue date.

Instrument: convertible notes
Principal: original principal amount of $287,500
Counterparty: White Lion Capital, LLC
Rate: bears interest at 8% per annum
Maturity: six-month anniversary of the issue date
Event: incurrence

Exact text from the filing

the Company issued to the Holder a Senior Secured Convertible Promissory Note in the original principal amount of $287,500

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CID Holdco, Inc. issued convertible note to the Holder for original principal amount of $287,500.

Security: convertible note
Purchaser: the Holder
Consideration: original principal amount of $287,500

Exact text from the filing

on April 24, 2026, the Company issued the Note to the Holder with an original principal amount of $287,500. The Note is convertible into shares of Common Stock

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41 debt financings filed in the last 30 days. Browse all debt financings →

CID Holdco, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-050104

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