secwatch.observer — SEC 8-K summary
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Issuer:     CID Holdco, Inc. (DAIC)
CIK:        0002033770
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001213900-26-050104
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CID HoldCo issues $287,500 convertible note to White Lion Capital, proceeds for existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026050104/0001213900-26-050104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026050104/ea028857701-8k_cidhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-050104

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