secwatch.observer — SEC 8-K summary
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Issuer:     CID Holdco, Inc. (DAIC)
CIK:        0002033770
Form:       8-K
Filed at:   2026-05-29T20:52:26+00:00
Accession:  0001213900-26-062902
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.03, 3.02, 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CID HoldCo furloughs all employees, executives defer salaries; issues $287.5K convertible note at 20% OID
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- Temporary furlough of all employees effective May 25, 2026 to preserve liquidity while evaluating financing options.
- CEO, CFO, CTO salaries reduced to state minimum; CRO reduced 50%; all deferred base salaries effective May 29, 2026.
- Issued $287,500 senior secured convertible note to White Lion Capital for net cash of $230,000 (20% OID).
- Note bears 8% interest, matures in 6 months; conversion price at 80% of lowest VWAP over 15 trading days.
- Furlough and salary deferrals may materially impact operations, revenues, and operating results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026062902/0001213900-26-062902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033770/000121390026062902/ea0292819-8k_cidhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-062902

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