Dot Ai (DAIC) signs LOIs for $5M preferred investment and $6M sale of operating unit

CID Holdco, Inc.

Non-binding LOI with investor for up to $5M convertible preferred stock in three tranches.
Separate non-binding LOI to sell a portion of operating business for ~$6M cash plus assumption of up to $3M liabilities.
Buyer to provide $500K secured convertible note as down payment and exclusivity fee.
Proceeds to support working capital, liability satisfaction, and continued Nasdaq compliance.
Transactions subject to definitive agreements, due diligence, board and regulatory approvals; no assurance of completion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.